000			01586cab a2200229 4500
001			ABS49194
008			090401t1993 xxu||||| |||| 00| 0 eng d
035			_a(Sirsi) u70303
041			_aeng
245			_aPrudential Assurance Co ltd v Grand Metropolitan Estate Ltd
260			_c1993
350			_a0
490			_aEstates Gazette _v(1993) 32 EG 74-78(5)
520			_aChD 19 March 1993. By an underlease G occupied a public house. The rent review clause directed that any effect on rent of the fact that the tenant had been in occupation must be disregarded. An arbitrator set the rent at £41,500 by the profits method. The landlord (P) requested that the award be remitted under Arbitration Act 1950 s22 on the grounds that the arbitrator had misunderstood the landlord` surveyor`s submissions on the question of whether the goodwill and profit potential deriving from the trading potential as a public house should be disregarded or taken into account. They also claimed the arbitrator had erred by assuming that the premises had not previously been used as a public house. The arbitrator sought legal advice to the effect that if one is to disregard the effect on rent of the fact that the tenant has been in occupation of the demised premises, it follows that goodwill generated by that occupation must be disregarded. P appealed but this was dismissed.
650			_aARBITRATION ACT 1950 S22
650			_aDISREGARDS
650			_aPUBLIC HOUSE
650			_aRENT REVIEWS
690			_aLANDLORD AND TENANT-CASE LAW-RENT REVIEWS
942			_n0
948			_c04/03/1997
999			_c44209 _d44209