The Scottish Mutual Assurance Society v Secretary of State for the Environment
The Scottish Mutual Assurance Society v Secretary of State for the Environment
- 1992
- Scots Law Times 1992 617-620 (4) .
A landlord exercised his option under a lease, of a rent review at the end of each fifth year. Failing agreement between the landlord and tenant the matter was referred to arbitration. The dispute arose as to the meaning of "fair market rent" and whether the geographical location of the building fell to be disregarded in arriving at rent figure. Held, that the definition of "fair market rent" does not fall to be understood as excluding comparison by reference to locality insofar as it might have a bearing on the rent at which a building might be expected to be let.
BUSINESS TENANCIES
CONSTRUCTION OF CLAUSE
FAIR MARKET RENT
LANDLORD AND TENANT
RENT REVIEWS
SCOTLAND
A landlord exercised his option under a lease, of a rent review at the end of each fifth year. Failing agreement between the landlord and tenant the matter was referred to arbitration. The dispute arose as to the meaning of "fair market rent" and whether the geographical location of the building fell to be disregarded in arriving at rent figure. Held, that the definition of "fair market rent" does not fall to be understood as excluding comparison by reference to locality insofar as it might have a bearing on the rent at which a building might be expected to be let.
BUSINESS TENANCIES
CONSTRUCTION OF CLAUSE
FAIR MARKET RENT
LANDLORD AND TENANT
RENT REVIEWS
SCOTLAND