The lease required a rent review to exclude from consideration any rent free or concessionary period. The valuer took this to mean a ‘head-line’ rent with no discounts for any inducements which might have applied.
Held: The tenant’s appeal was dismissed. The literal effect of the words had to be followed. Any new rental was to assume that a rent free period had expired.
Judges:
Morgan J
Citations:
[1994] 24 EG 156
Landlord and Tenant
Updated: 30 April 2022; Ref: scu.218822