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).