The decision maker should also ensure that the expert has
explained
1) whether on the facts of the case there is any market
demand for the deemed share and where the market lies and
2) how the value has been calculated and
3) either
4) whether the valuer has any experience or knowledge of the
sale of an undivided share in the circumstances of the applicant's
case.
Note a valuation arrived at simply by dividing the value of
the property as a whole by the number of owners and given a single
discount to reflect the restricted demand for a part share does not
meet the requirements of the regulations.
