31 Jan 1984
PACIFIC REALTY LTD v. LAM SAU MUI
- Citation
- PACIFIC REALTY LTD v. LAM SAU MUI
- Court
- Lands Tribunal
- Case number
- LDLA20/1983
The tenancy clause 4(i) unambiguously vested an unconditional unilateral option in the tenant which was validly exercised by written notice during the original term; payment of the increased rent was not a condition precedent to exercise; on due exercise the renewed three-year period is a fixed term within Section 74A(a) and therefore Part II statutory increase machinery does not apply; accordingly the Commissioner's Certificate increasing rent by 30% is invalid and the contractual 15% increase governs.