27 Mar 2001
Tioga Corporation Limited v. Gold Flight Investment Ltd.
- Citation
- Tioga Corporation Limited v. Gold Flight Investment Ltd.
- Court
- Lands Tribunal
- Case number
- LDNT379/2000
The Tribunal accepted and applied the expert's comparables and adjustments (with Tribunal modifications: a flat $1,000 allowance for covered versus open car park and acceptance of the expert's view adjustments for Unit A), excluded the obvious outlier comparable, averaged the remaining adjusted comparables and thus determined the PMR to be $70,000 per month exclusive of rates and management fee; on that basis a two-year new tenancy from 28 October 2000 was ordered.