11 Mar 2016
MUIR v TIEU [2016] NZHC 422
- Citation
- [2016] NZHC 422
- Court
- High Court
For Glasgow leases where rent is fixed as a percentage of the fee simple, the valuation of the fee simple is to be made by reference to the value of the land and not by importing lease restrictions (including subdivision restrictions); clauses 11.2 and 11.3 do not require accounting for the lease's subdivision restriction and Mandic applies.
- Glasgow lease
- Rent review
- Valuation of fee simple
- Subdivision restriction
- Statutory interpretation of s224 property law act 2007
- Precedent and stare decisis