Cases - British Railways Board v Ringbest

Record details

Name

British Railways Board v Ringbest

Date

[1996]

Citation

2 EGLR 82

Legislation

Landlord and Tenant Act 1954

Keywords

Commercial property – landlord and tenant – rent review – market rent – hypothetical letting – whether the market rent was to be assed on a hypothetical letting with the same review provisions as the actual lease

Summary

The rent review clause in a very long lease provided for a review to 84% of the 'market rent', which was defined as the rental value for the premises let on similar lease terms 'including rent reviews'. Although it would largely negate the 16% discount, this clear express wording had to mean that the market rent was to be assessed on a hypothetical letting with the same review provisions, that is to only 84% of market value.