Richard D Kay FRICS

Richard Kay FRICS is a London-based Chartered Valuation Surveyor and RICS Registered Valuer, with over thirty years of experience in specialist property valuation. He specialises in leasehold enfranchisement valuation, diminution in value claims (including section 18 dilapidations valuation in England and Wales, and alternative measure of loss diminution valuations in Scotland), and other expert witness valuation work, acting for landlords, intermediate landlords and tenants across residential and commercial property. 

Expert evidence 

Richard has given written and oral evidence in the High Court, County Court, Upper Tribunal (Lands Chamber), and First-tier Tribunal (Property Chamber), and is experienced in providing CPR Part 35-compliant expert reports. 

His cases include: 

  • Anstruther v Vidas [2010] (oral evidence in the County Court before HHJ Marshall QC): a case touching on multiple issues concerning valuation in dilapidations claims. 
  • Nailrile Ltd v Earl Cadogan and anor [2008] (Upper Tribunal (Lands Chamber)): appearances on behalf of the tenants and intermediate landlord of 62 Cadogan Square, SW1 in the Nailrile appeals on relativity and deferment rate. 

Leasehold reform 

Richard has over thirty years of experience in leasehold enfranchisement valuation, acting for tenants, intermediate landlords and freeholders nationally. His work includes collective enfranchisement and lease extension valuation under the Leasehold Reform Housing and Urban Development Act 1993, and he is familiar with the reforms introduced by the Leasehold and Freehold Reform Act 2024. He has made many appearances as an expert witness at the First-tier Tribunal (Property Chamber) and its predecessor the Leasehold Valuation Tribunal. 

He speaks at professional conferences and seminars on leasehold reform and valuation. 

Valuation in dilapidations claims 

Richard regularly acts for landlords and tenants in respect of diminution in value in terminal dilapidations claims — section 18 valuations under section 18(1) of the Landlord and Tenant Act 1927 and common law alternative measure of loss valuations in Scotland. He is a member of the RICS Dilapidations Steering Group. 

He has published two articles on dilapidations valuation: 

  • “Ain’t Nothin’ Goin’ On But The Rent?: or, How do you make a loss of rent claim work?” — Journal of Building Survey, Appraisal and Valuation, Volume 7 Number 4 (2018-19), co-authored with Nic Taggart. 
  • “Development of Scots law on dilapidations: Diminution valuations as a measure of the landlord’s loss” — Journal of Building Survey, Appraisal and Valuation, Volume 5 Number 2 (2016-17). 

Qualifications and education 

  • Fellow of the Royal Institution of Chartered Surveyors (FRICS) 
  • RICS Registered Valuer 
  • Member of the RICS Dilapidations Steering Group 
  • Honours degree in Urban Land Economics, Sheffield Hallam University 

Other 

  • Chair of Trustees of Trinity Homeless Projects 
  • Freeman of the City of London 
  • Liveryman in the Worshipful Company of Gold and Silver Wyre Drawers 

Personal details 

Lives in Chorleywood, Hertfordshire. Married with three adult children. Interests include cycling and golf (Member of Moor Park Golf Club).