16 Aug 1983
SENTRY HOLDINGS LTD v. CALI ENTERPRISES LTD
- Citation
- SENTRY HOLDINGS LTD v. CALI ENTERPRISES LTD
- Court
- Lands Tribunal
- Case number
- LDLA11/1983
The Tribunal relied on recent lettings within Manhattan Tower as the best evidence of prevailing market rent, adjusted for a modest market decline and contractual differences: set base rent at $28,500 per flat per month (tenant pays rates and $1,500 maintenance), allowed a $1,000 per flat deduction for absence of a break clause, applied a 15% bulk discount for multiple-flat letting (on rent before maintenance), rejected bulk discount on maintenance charges, and awarded a $3,500 per month addition for the garden/patio of flat G-B; resulting rents: Flat G-B $32,000 per month exclusive, and sixt…