000			01406cab a2200181 4500
001			ABS42014
008			090401t1990 xxu||||| |||| 00| 0 eng d
035			_a(Sirsi) u34079
041			_aeng
245			_aStedman v Midland Bank plc
260			_c1990
350			_a0
490			_aEstates Gazette _v(1990) 03 EG 76
520			_aCA 3 May 1989. A dispute over interpretation of a rent review clause in the lease between Stedman (S), and the Midland Bank (M). The lease was for 71 years from 25 March 1963 to 25 March 2034. S sought a declaration that the lease provided for an annual review of the rent after the 5th year, such rent to be determined by agreement or arbitration. M submitted that the lease provided after the first 5 years for the rent to be determined by one agreement or one arbitration and stay fixed then for the remaining 66 years. The County Court granted the declaration sought by S, M appealed. The CA decided that the true interpretation of the lease was largely a matter of impression. The first 5 years of the term were not subject to reviews but to fixed increments of rent and the only reviews apparently were at the end of 5 years. the phraseology "thereafter at a rent to be agreed" pointed to an agreement of a fixed amount of rent for the rest of the term. Appeal allowed.
690			_aLANDLORD AND TENANT-CASE LAW-RENT REVIEWS
942			_n0
948			_c04/03/1997
999			_c22621 _d22621