Simonite v Sheffield CC
Simonite v Sheffield CC
- 1992
- Rent Review & Lease Renewal 12(3) Spring 1992, 262 .
ChD 29 January 1992. The plaintiffs were business tenants of market stalls in two large covered markets, whose tenancies were determined on 24 March 1986 by the defendant council by notice of termination under Landlord and Tenant Act 1954 s25. 380 similar tenancies existed in the markets. The court had to decide the amount of rent payable with a view to identifying the appropriate figures for all the remaining applications, without the necessity for each to come before the court. It was held that the open market rents should be between £7,064 and £13,990 per annum. In coming to this conclusion the valuers considered the fact that they were quarterly tenancies, that the right to assign the tenancy existed, that the council owned the sole right to conduct markets in the buildings, that the supply of stalls was not large and that no assessment should be based simply on a belief in future inflation.
BUSINESS TENANCIES
LANDLORD AND TENANT ACT 1954 S25
MARKET STALLS
MARKETS
ChD 29 January 1992. The plaintiffs were business tenants of market stalls in two large covered markets, whose tenancies were determined on 24 March 1986 by the defendant council by notice of termination under Landlord and Tenant Act 1954 s25. 380 similar tenancies existed in the markets. The court had to decide the amount of rent payable with a view to identifying the appropriate figures for all the remaining applications, without the necessity for each to come before the court. It was held that the open market rents should be between £7,064 and £13,990 per annum. In coming to this conclusion the valuers considered the fact that they were quarterly tenancies, that the right to assign the tenancy existed, that the council owned the sole right to conduct markets in the buildings, that the supply of stalls was not large and that no assessment should be based simply on a belief in future inflation.
BUSINESS TENANCIES
LANDLORD AND TENANT ACT 1954 S25
MARKET STALLS
MARKETS