4 Jun 2009
COX V YOUNG HC ROT CIV 2004-463-000240
- Citation
- openlaw-34850d36_1c1b_4fa0_8ea0_38940aa28300.pdf
- Court
- High Court
Clause 4(b) requires an in‑site replacement cost less fair wear and tear valuation; applying available valuations and a 25% depreciation from April 1997 yields $45,000 (GST inclusive) for chattels; unjust enrichment award limited to proven item of $4,155 (heat exchanger); defendants proved rent/insurance/rates arrears totalling $35,093.82 and are entitled to contractual interest (clause 2 rectified to 17% p.a.) and to interest on rent of $126,545.54; plaintiff may apply for statutory interest on her awards and defendants may apply to rectify clause 5(f).