21 Dec 2000
Brecon Ltd. v. Perm Finance Co. Ltd.
- Citation
- Brecon Ltd. v. Perm Finance Co. Ltd.
- Court
- Lands Tribunal
- Case number
- LDNT421/1999
The Tribunal accepted the valuation of the Applicant's expert (Mr Brown) as the most reliable because his best comparable (adjacent House B3) was closest and required fewer adjustments; starting from Mr Brown's net figure of HK$61,500 the Tribunal allowed an amortised deduction of HK$5,000 per month based on adopted repair cost HK$240,000 apportioned over 48 months plus a one‑month rent discount for inconvenience (HK$2,260), yielding a determined PMR of HK$54,200; clauses 9,10 and 11 and references to car parks are excluded from the new tenancy; the Tribunal refused the applicant's repair ord…