000			01417cab a2200205 4500
001			ABS43533
008			090401t1990 xxu||||| |||| 00| 0 eng d
035			_a(Sirsi) u42242
041			_aeng
245			_aARC Ltd v Schofield and another
260			_c1990
350			_a0
490			_aEstates Gazette _v(1990) 38 EG 113-118(4)
520			_aChD 23 January 1990. A lease dated 25 October 1974, for a term of fourteen years, included an option to renew for a further fourteen years at a "fair and reasonable market rent ...". Clause 6 provided that any dispute be referred to arbitration . The arbiter held in the landlords favour but the tenant was given leave to appeal. The first issue was whether the new rent was to be determined on the objective criteria of what a hypothetical willing landlord and tenant would agree as the market rent , as the tenant contended, or by subjective criteria of what would be fair and reasonable for the parties themselves to agree. It was held in favour of the tenant. The second issue was whether the landlord was entitled to discovery of the tenants profit and loss accounting for the last six years. It was held that if the rent was to be determined by objective criteria the trading accounts would be inadmissable in evidence .
650			_aLEASES
650			_aRENEWAL
690			_aLANDLORD AND TENANT-CASE LAW-RENT REVIEWS
942			_n0
948			_c04/03/1997
999			_c27129 _d27129