000			01479cab a2200229 4500
001			ABS48260
008			090401t1993 xxu||||| |||| 00| 0 eng d
035			_a(Sirsi) u65762
041			_aeng
245			_aPrudential Assurance Company Ltd v Salisbury Handbags Ltd
260			_c1993
350			_a0
490			_aProperty and Compensation Reports _v(1993) 65 PCR 129-136(5)
520			_aChD 25 March 1992. The defendant, S, was the lessee under an underlease of the premises in question. The plaintiff, P, was the immediate landlord. The rent review clause provided that the rent was to be reviewed every seven years to determine the fair rack rent. This was defined as the best rent at which the premises could reasonably expect to be let on the open market. P contended that the term of the hypothetical lease should be assumed to be the unexpired portion of the underlease. S however contended that the term should be seven years or on terms which provided for rent reviews at seven yearly intervals. It was held that rent reviews were excluded from the hypothetical lease however the term to be assumed was the term that the landlord might reasonably be expected to grant and a tenant to take in respect of a letting at a fixed rack rent.
650			_aFAIR RACK RENT
650			_aHYPOTHETICAL LEASE
650			_aRENT REVIEWS
650			_aSEVEN YEAR RENT REVIEWS
690			_aLANDLORD AND TENANT-CASE LAW-RENT REVIEWS
942			_n0
948			_c04/03/1997
999			_c41048 _d41048