000			01555cab a2200217 4500
001			ABS47488
008			090401t1992 xxu||||| |||| 00| 0 eng d
035			_a(Sirsi) u62212
041			_aeng
245			_aCommission for the New Towns v Chesterfield Properties plc
260			_c1992
350			_a0
490			_aEstates Gazette _v1992 45 EG 149-154(5)
520			_aChD 9 June 1992. Sought declarations as to the proper construction of an early rent review clause in headlease based on rents derived from underleases. The lessor was to receive a rent calculated by reference to the rents achievable in the underletting of 22 individual shops. The term of the headlease was for 125 years from 31 March 1961. Clause 4(1) of the lease defined `a specified period` for the purposes of rent review as being to the first period of 28 years, four further successive periods of 21 years and a final one of 13 years. The headlease had a fixed rent for the initial period of 28 years, the lessor was to receive an additional rent calculated by aggregating the rents achieved during the last 21 years of the initial period and then taking one twenty first of that sum estimating the rents expected to be achieved during the subsequent period and dividing that by 21. However if the latter sum is greater, the landlord is to have an additional annual rent of one fifth of the
650			_aHEADLEASE
650			_aRENT REVIEW CLAUSES
650			_aUNDERLEASE
690			_aLANDLORD AND TENANT-CASE LAW-RENT REVIEWS
942			_n0
948			_c04/03/1997
999			_c38653 _d38653