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
- LDLA45/1982
The Tribunal held that 'fair market rent' under s.115(1) is the rent which might reasonably be expected to be obtained in the market (excluding atypical special-case rents) while disregarding the Ordinance's effect; discounting for a generic 'package deal' is impermissible unless a comparable is atypical; tenant inertia is a relevant market factor only where comparables are relettings but required no substantial deduction on the facts; other tenancy terms (duration, instalments, deposits, fittings, management charges) are fixed under ss.119I/119J consistent with prior contractual positions un…