11 Aug 2004
AMERICAN INTERNATIONAL ASSURANCE CO LTD v. HOCK KIM THYE (MACHINERY) LTD
- Citation
- AMERICAN INTERNATIONAL ASSURANCE CO LTD v. HOCK KIM THYE (MACHINERY) LTD
- Court
- Lands Tribunal
- Case number
- LDNT26/2004
Respondent's opposition was dismissed because the landlord's correspondence amounted to reminders rather than statutory warning letters required by s.119E(1)(d), and the non-statutory grounds (repairs complaints and alleged unreasonable rent) did not justify refusal. The Tribunal found defects in the applicant's valuation methodology (use of older comparables, insufficient comparables, inappropriate time adjustments) and revised the valuation. On the evidence the Tribunal granted a new two-year tenancy from 1 March 2004 and fixed rent at HK$105,000 per month, with a deposit of HK$210,000; par…