000			01312cab a2200229 4500
001			57327
008			090401t1997 xxu||||| |||| 00| 0 eng d
035			_a(Sirsi) u79446
041			_aeng
245			_aAshworth Frazer Ltd v Gloucester CC
260			_c1997
350			_a0
490			_aEstates Gazette _v[1997] 26 EG 150-155(6)
520			_aCA 20 January 1997. The appellant A rented an old cattle market from the council under a development lease, covenanting to develop the site. Rent review provisions stated that the received rent was to be a rent geared to 8% of `the rack rents receivable by the lesses in repect of the demised premises on the relevant date`. A did not sublet the site but disposed of parts to different tenants each holding direct from the council. HC held that there were no rack-rents receivable and therefore no figure to which the 8% could attach. The council`s appeal was allowed on the grounds that the fact that the property was not sublet was irrelevant. The 8% should be of a fair market rent of developed property if sublet.
650			_aASHWORTH FRAZER LTD V GLOUCESTER CITY COUNCIL
650			_aDEVELOPMENT LEASE
650			_aRACK RENT
650			_aRENT REVIEW
690			_aLANDLORD AND TENANT-CASE LAW-RENT REVIEWS
942			_n0
948			_c04/07/1997
999			_c49942 _d49942