Hong Kong Case Law: Decisions & Judgments | LexChat

Topic

Fair market rent determination

Legal area

Court

3 Nov 2005

FORTUNE HUGO (HK) LTD v. HOLLYWOOD PALACE CO LTD

Citation

FORTUNE HUGO (HK) LTD v. HOLLYWOOD PALACE CO LTD
Court

Court of First Instance
Case number

HCA1610/2005

The judge held it was arguable the tenant had validly exercised the renewal option (the $270,000 figure being an opening proposal for fair market rent) and therefore granted leave to defend under Order 14 rather than finally disposing under Order 14A, but imposed conditions: payment of specified sums (six months rent and interest into court and monthly payments on account of mesne profits) pending final resolution; failure to comply would allow the landlord to enter judgment for possession.
14 Mar 1983

THE CHASE MANHATTAN BANK NA v. CLARET LAND CO LTD

Citation

THE CHASE MANHATTAN BANK NA v. CLARET LAND CO LTD
Court

Lands Tribunal
Case number

LDLA71/1982

The Tribunal assessed the fair market rent as at the date of hearing (3 March 1983) and, applying comparables and evidence of market decline, fixed the rent at $48,000 per month (exclusive of rates but inclusive of maintenance charges); it granted the applicant a new three‑year tenancy to determine on 30 November 1985, refused the tenant's proposed alteration to the repairing covenant, and left the commencement date unspecified consistent with authorities and statutory provisions (ss.119I, 119N).