6 Apr 1991
MCKINSEY & CO INC HONG KONG AND OTHERS v. SKY ALLIANCE DEVELOPMENT LTD
- Citation
- MCKINSEY & CO INC HONG KONG AND OTHERS v. SKY ALLIANCE DEVELOPMENT LTD
- Court
- Lands Tribunal
- Case number
- LDLA3685/1991
The Tribunal held that prevailing market rent must assume contractual repair obligations will be honoured and that the damp problems were common to all houses and remediable, so no special deduction for A3; comparables (notably House A5 at $112,500) supported rents of A1 $110,000, A2 $95,000 and A3 $95,000; new tenancies granted for two years and a break clause permitting termination after 12 months on three months' notice was included for A3 given market practice and section 119J discretion.