Not a true reflection
Language: English Series: Estates Gazette ; (0727) 7 July 2007, 292-294(3)Publication details: 2007Subject(s): Summary: Reports on recent cases including Level Properties V Balls Brothers (L137934) which may have a considerable affect on the way valuers approach rent reviews. Marklands Ltd V Virgin Retail Ltd was criticised for distorting the market approach. It held that if a tenant threatens to take multiple cheaper alternative properties, a landlord cannot threaten to multi-let to secure higher rent from a single bidder. Level Properties showed that a landlord was free to consider the higher yield of either a single or double let. This was based on a clause particular to the case, and may not directly contradict Marklands.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | 138816 (Browse shelf(Opens below)) | 1 | Available | 138816-1001 |
Reports on recent cases including Level Properties V Balls Brothers (L137934) which may have a considerable affect on the way valuers approach rent reviews. Marklands Ltd V Virgin Retail Ltd was criticised for distorting the market approach. It held that if a tenant threatens to take multiple cheaper alternative properties, a landlord cannot threaten to multi-let to secure higher rent from a single bidder. Level Properties showed that a landlord was free to consider the higher yield of either a single or double let. This was based on a clause particular to the case, and may not directly contradict Marklands.