000			01513cab a2200205 4500
001			ABS46611
008			090401t1992 xxu||||| |||| 00| 0 eng d
035			_a(Sirsi) u58862
041			_aeng
245			_aLaura Investment Co Ltd v Havering LBC
260			_c1992
350			_a0
490			_aEstates Gazette _v(1992) 24 EG 136-138(3)
520			_aChD 13 March 1992. By a lease dated 14 June 1972 granted by the the plaintiff`s predecessor in title to the council five acres of undeveloped land was let for a term of 62 years. There was a short rent-free period and thereafter a rent of £16,000 pa subject to review. The council covenanted to divide the land into plots which were to be underlet for the construction of factories and warehouses. The rent review period was twenty years and the rent should be the higher of the current rent and the market value rent at that date. The question arose as to whether the market rental value is that of the premises as they now exist or on the assumption thay they had remained undeveloped. The plaintiff claims that one should assume that they should be valued as they exist at the rent review date however the council claims this is unreasonable because the buildings were erected at the undertenants expense and their rent review clauses expressly say that the buildings are to be disregarded. The
650			_aMARKET RENTAL VALUE
650			_aRENT REVIEW
690			_aLANDLORD AND TENANT-CASE LAW-RENT REVIEWS
942			_n0
948			_c04/03/1997
999			_c35998 _d35998