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Rent review

Language: English Series: Estates Gazette ; [1998] EGCS 161 (21/11/98)Publication details: 1998Subject(s): Summary: "St Martins Property Ltd v Citicorp Investment Bank Ltd and another" CA 11 November 1998. Valuation assumptions based on contents of a hypothetical lease. At issue was the length of the term, whether a break clause in favour of a named tenant should be read as in favour of a notional tenant and whether the landlord was entitled to recover headline rent as from the review date. All delarations were refused. Landlord appealed. appeal dismissed.

"St Martins Property Ltd v Citicorp Investment Bank Ltd and another" CA 11 November 1998. Valuation assumptions based on contents of a hypothetical lease. At issue was the length of the term, whether a break clause in favour of a named tenant should be read as in favour of a notional tenant and whether the landlord was entitled to recover headline rent as from the review date. All delarations were refused. Landlord appealed. appeal dismissed.