000			01286cab a2200253 4500
001			WB3326-27
008			090401t1997 xxu||||| |||| 00| 0 eng d
035			_a(Sirsi) u79435
041			_aeng
245			_aCompensation
260			_c1997
350			_a0
490			_aEstates Gazette Case Summaries _v[1997] EGCS 99 (28/6/97)
520			_a"St Martins Property Investments Ltd v CIB Properties Ltd and another" ChD 17 June 1997. Landlord (L) granted two underleases to tenants (T) with provision for rent to be reviewed at open market value if not agreed. A dispute arose between the parties over the review in June 1994. It was contended that hypothetical leases included rent review clauses and break clauses from underleases. Since the leases provided that the rent was to be determined on the assumption that the hypothetical tenant would not seek a rent-free period, or equivalent, the rent was to be a headline rent. L`s application dismissed.
650			_aHEADLINE RENT
650			_aHYPOTHETICAL TENANT
650			_aOPEN MARKET VALUE
650			_aRENT REVIEW
650			_aST MARTINS PROPERTY INVESTMENTS LTD V CIB PROPERTIES LTD AND ANOTHER
650			_aUNDERLEASES
690			_aLANDLORD AND TENANT-CASE LAW
942			_n0
948			_c04/07/1997
999			_c49932 _d49932