19 Dec 2000
Lam & Associates Ltd. v. Global Duty International Ltd.
- Citation
- Lam & Associates Ltd. v. Global Duty International Ltd.
- Court
- Lands Tribunal
- Case number
- LDNT299/2000
The Tribunal selected House 3 as the best comparable, applied adjustments of -5% for view, +2% for time and -5% for garden (total -8%) to the comparable's net rent, used provisional Rating & Valuation rental indices for time adjustment, excluded areas outside the registered lot boundary from valuation, and thereby determined the PMR for a two‑year tenancy commencing 1 January 2001 to be $50,000 per month inclusive of rates, Government rent and management fees; accordingly the Tribunal granted a two‑year new tenancy.