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If a leaseholder applies to an LVT (in Wales) statutory 90 year extension after failing to agree a premium with their landlord, and the leaseholder duly provides the LVT and the landlord with a valuation report showing that the leaseholder's own valuer is arguing premium more than three times the value of the premium offered in the leaseholder's section 42 notice of claim then does the LVT have to determine the premium payable or can they dismiss the application as invalid as the premium quoted in the section 42 notice was unrealistic thereby invalidating the notice and the subsequent application to LVT???
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