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Assumptions of fitting out

By: Language: English Series: Rent Review & Lease Renewal ; 12(3) Spring 1992, 248-258(6)Publication details: 1992Subject(s): Summary: Considers the use of the assumption for fitting out in a standard rent review provision looking at why it is there and what practical and legal considerations have caused its inclusion. Includes definitions of `assumptions`, `disregarded matters`, `open market value`, `rent restrictions` and `review date`. It also examines the functions of a surveyor in arbitrating on this point.

Considers the use of the assumption for fitting out in a standard rent review provision looking at why it is there and what practical and legal considerations have caused its inclusion. Includes definitions of `assumptions`, `disregarded matters`, `open market value`, `rent restrictions` and `review date`. It also examines the functions of a surveyor in arbitrating on this point.