000			01586cab a2200217 4500
001			ABS37315
008			090401t1987 xxu||||| |||| 00| 0 eng d
035			_a(Sirsi) u3673
041			_aeng
245			_aBissett v Marwin Securities Ltd
260			_c1987
350			_a0
490			_aEstates Gazette _v281(6316) 10 January 1987, 75-76(2)
520			_aChD 2 October 1986. Concerned construction of a rent review clause. An originating summons was made by the lessee. The lease stipulated the premises be used only for the operation of amusement machines at a rent of £12,500 pa subject to an upwards-only rent review at regular intervals. At the first review, the lessor`s surveyors served notice, stating the new rent was to be £18,300 determined by adding an additional rent calculated at 10% per annum compound on the initial rent of £12,500. The lessee objected on the basis that the 10% compound formula operated only if there had been a "preceding rent review". The lessors replied that if the compound formula was inappropriate, they would rely on the retail price index or similar to produce a sum of £15,635. The court had to determine the rent for the first review period. The lessors argued that the 10% formula should be read as if, after the words "the immediately preceding rent review", there were added the words "or the commencement
650			_aC H BAILEY LTD V MEMORIAL ENTERPRISES LTD
650			_aCONSTRUCTION OF CLAUSE
650			_aRENT REVIEW PERIOD
690			_aLANDLORD AND TENANT-CASE LAW-RENT REVIEWS
942			_n0
948			_c04/03/1997
999			_c2255 _d2255