30 Oct 1982
NORDIC ASIA LTD AND OTHERS v. STRAWBERRY HILL DEVELOPMENT LTD AND ANOTHER
- Citation
- NORDIC ASIA LTD AND OTHERS v. STRAWBERRY HILL DEVELOPMENT LTD AND ANOTHER
- Court
- Lands Tribunal
- Case number
- LDLA43/1982
The fair market rent under s.115(1) is the rent typical of the market and ascertainable from comparable market transactions after excluding atypical or one‑off transactions; the Tribunal may not apply a general discount (e.g. for alleged 'package deals') unless a comparable itself is atypical, and the word 'reasonably' in s.115(1) only qualifies 'might be expected' not the broader reasonableness tests urged by applicants; tenant inertia may be a market factor but on the facts here did not require adjustment; the Tribunal must also determine other disputed terms under ss.119I/J and consider th…