000			01386cab a2200253 4500
001			ABS55560
008			090401t1996 xxu||||| |||| 00| 0 eng d
035			_a(Sirsi) u17319
041			_aeng
245			_aMillshaw Property Co Ltd v Preston BC
260			_c1996
350			_a0
490			_aRent Review & Lease Renewal _v16(1) Summer 1996
520			_aChD 23 November 1995. P demised a plot of undeveloped land to M`s p predecessors. The lease required the tenant to carry out development on the demised land. Rent review referred to an arbitrator following a failure to agree on the revised rent. Review rent was to be determined on the basis of a hypothetical letting of the premises on specified terms and `for a term of years not exceeding the residue of the term at the date of the certificate`. M sought a declaration that the hypothetical lease should be the residue of the term remaining at the review date. P argued for a shorter period. "Held" the words `not exceeding` in the review clause meant `up to` and were words of limitation. Decision for landlord.
650			_aCONSTRUCTION OF CLAUSE
650			_aHYPOTHETICAL LEASE
650			_aLEASES
650			_aMILLSHAW PROPERTY CO LTD V PRESTON BC
650			_aRENT REVIEW CLAUSE
650			_aRENT REVIEWS
690			_aLANDLORD AND TENANT-CASE LAW-RENT REVIEWS
942			_n0
948			_c04/03/1997
999			_c11486 _d11486