000			01504cab a2200193 4500
001			ABS37706
008			090401t1987 xxu||||| |||| 00| 0 eng d
035			_a(Sirsi) u6323
041			_aeng
245			_aDennis and Robinson Ltd v Kiossos Establishment
260			_c1987
350			_a0
490			_aEstates Gazette _v282(6334) 16 May 1987, 857-862(3)
520			_aCA 25 February 1987. An appeal by landlords, seeking a declaration as to the construction of a rent review clause in an underlease of premises on an industrial estate. The 25-year lease was subject to four five-yearly reviews. In August 1985, the landlords, then Smiths Industries plc, gave notice to the tenants to negotiate the "full yearly market rent" - rent at which the property might reasonably be expected to be let on the open market. There was no express reference to a "willing lessor" or to a "willing lessee". The tenants contended there should be no assumption that there would be a willing lessee to whom the property might reasonably be expected to be let. The parties could not reach agreement, and an independent valuer was appointed. Landlords submitted that the valuer should determine the rent which would be expected to be agreed between a willing lessee and a willing lessor. The ChD judge concluded that to say that it must be assumed that there will be a letting, is to inc
650			_aCONSTRUCTION OF CLAUSE
690			_aLANDLORD AND TENANT-CASE LAW-RENT REVIEWS
942			_n0
948			_c04/03/1997
999			_c3807 _d3807