000			01383cab a22002055a 4500
001			L142347
008			080207e20080201xxk f v 000 0 eng d
035			_a(Sirsi) u142347
041	0		_aeng
100	1		_aRoss, Jonathan
245	0	4	_aThe way warehouses were
260			_c2008
490		0	_aProperty Week _v73(5) 1 February 2008, 89(1)
520			_aDiscusses McDonalds Real Estate v Arundel Corp, 16 January 2008. The case shows the potential problems invloved in drafting rent review clauses based on hypothetical lettings. In 1986, McDonalds took out a fifty year lease on an old factory with a view to converting it into a drive-through. The lease provided the building to be treated as a warehouse with 15% office space at rent review. The Court had to decide what sort of warehouse was intended. The landlord argued that warehouse could include retail warehouses, which generate a significantly higher rent than storage warehouses. Held: a storage warehouse had been intended, but there was no restriction on the usage of the word. The landlord may seek to have the building's retail value reflected in the rent review.
590			_aKA
650	2	4	_aMCDONALDS REAL ESTATE V ARUNDEL CORP
651		4	_aEngland and Wales _y1543-
690			_aPROPERTY-COMMERCIAL PROPERTY-COMMERCIAL LANDLORD AND TENANT-BUSINESS TENANCIES-RENT REVIEW (BUSINESS TENANCIES)
942			_n0
999			_c79788 _d79788