30 Oct 1982
NORDIC ASIA LTD AND OTHERS v. STRAWBERRY HILL DEVELOPMENT LTD AND ANOTHER
- Citation
- NORDIC ASIA LTD AND OTHERS v. STRAWBERRY HILL DEVELOPMENT LTD AND ANOTHER
- Court
- Lands Tribunal
- Case number
- LDLA33/1982
The Tribunal held that 'fair market rent' under s.115(1) is a market‑based concept reflecting rents that might reasonably be expected in the market, excluding atypical one‑off transactions; it rejected package‑deal discounts as outside s.115(1), treated tenant inertia as a possible but fact‑specific market factor (no substantial adjustment on these facts), required other disputed tenancy terms to be fixed under ss.119I/119J before calculating rent, and fixed specific new tenancy durations, terms and monthly rents for each disputed property accordingly.