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Language: English Series: Estates Gazette ; (1995) 01 EG 111-116(6)Publication details: 1995Subject(s): Summary: CA 17 November 1994. Four cases were heard together whose common factor was the effect of rent-free periods on the valuation of a property. At the first hearing it was held that the market value was to be the headline rent. At CA it was held that a clause which deems the market rent to be the headline rent obtainable after a rent-free period granted simply to disguise the fall in the rental value of the property is not in accordance with the basic purpose of a rent review clause. This therefore meant that a rent-free period should be taken into account when setting a rent at review. (Petition to appeal to HL refused - Herbert Smith Briefing June 1995.)| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Law report | London Journal article | ABS52146 (Browse shelf(Opens below)) | 1 | Available | 63476-1001 |
CA 17 November 1994. Four cases were heard together whose common factor was the effect of rent-free periods on the valuation of a property. At the first hearing it was held that the market value was to be the headline rent. At CA it was held that a clause which deems the market rent to be the headline rent obtainable after a rent-free period granted simply to disguise the fall in the rental value of the property is not in accordance with the basic purpose of a rent review clause. This therefore meant that a rent-free period should be taken into account when setting a rent at review. (Petition to appeal to HL refused - Herbert Smith Briefing June 1995.)