000			01865cab a2200265 4500
001			ABS37316
008			090401t1987 xxu||||| |||| 00| 0 eng d
035			_a(Sirsi) u3680
041			_aeng
245			_aGeneral Accident Fire and Life Assurance Corporation Plc v Electronic Data Processing Co Plc
260			_c1987
350			_a0
490			_aEstates Gazette _v281 (6316) 10 January 1987, 65-68 (3)
520			_aChD 13 June 1986. An appeal against the decision of an arbitrator on a rent review clause in a lease. A 25 year lease was granted in 1980 at a rent of £42,025 per year, subject to upward review at five year intervals. There was no provision in the review clause that the hypothetical lease was to be on the terms of the actual lease. Neither was there an express reference in a series of assumptions, to any assumption as to rent review in the hypothetical lease. The arbitrator had assumed a hypothetical lease without rent reviews, and valued accordingly, fixing a rent at the first review period of £55,000. The arbitrator then made an alternative award of £48,500 on the basis that rent reviews were to be assumed in the hypothetical lease. The tenants, EDP, appealed, citing British Gas Corporation v Universities Superannuation Scheme Ltd (See Abstract 36103). They submitted that the review clause should be construed in the light of an underlying commercial purpose, and one of the provisio
650			_aMANAGEMENT-DISPUTE AVOIDANCE, MANAGEMENT AND RESOLUTION-DISPUTE MANAGEMENT AND RESOLUTION-ARBITRATION
650			_aCONSTRUCTION OF CLAUSE
650			_aGALES OF RENT
650			_aLLOYDS BANK PLC
650			_aPHILPOTS WOKING LTD V
650			_aSTERLING LAND OFFICE DEVELOPMENTS V
650			_aSURREY CONVEYANCER LTD
690			_aLANDLORD AND TENANT-CASE LAW-RENT REVIEWS
942			_n0
948			_c04/03/1997
999			_c2257 _d2257