000			01789cam a2200301 4500
001			ABS67272
008			031125n2003 000 0 eng u
035			_a(Sirsi) u124462
100			_aMurdoch, S.
245			_aNot a fair explanation
260			_c2003
490			_aEstates Gazette _v(0344) 1 November 2003, 167(1)
520			_aAlthough the number of properties subject to Rent Act tenancies is diminishing, the way in which fair rents are assessed for those remaining, continues to be significant. Fair rents are normally determined by reference to market rents from assured shorthold tenancies as comparables, using physical differences in properties, tenants' improvements and scarcity for discounting down to a fair rent for the subject property. In the recent decision "R v London Rent Assessment Committee ex p Wolters (London) Ltd" ([2003] EWHC 1465 (Admin), Abs67271), the respondent Rent Assessment Committee (RAC) failed to provide adequate reasons for and explanation of the way it made its adjustments. In particular, in its treatment of discounts for scarcity, it did not explain properly the locality being used to ensure that it is not discounting for amenity rather than disregarding scarcity. The RAC's decision was quashed and remitted for re-determination.
590			_aABS
650			_aDISCOUNTS
650			_aMARKET RENTS
650			_aSCARCITY
650			_aAMENITY VALUE
650			_aRENT ACT 1977
650			_aFAIR RENTS
650			_aRENT ACT 1977 S70(2)
650			_aRENT ACT TENANCIES
650			_aASSURED TENANCIES
650			_aASSURED SHORTHOLD TENANCIES
650			_aR V LONDON RENT ASSESSMENT COMMITTEE AND OTHERS EX P WOLTERS (LONDON) LTD
690			_aLANDLORD AND TENANT-RESIDENTIAL TENANCIES-CASE LAW
942			_n0
999			_c73851 _d73851