Cases - Pivot Properties Ltd v The Secretary Estate for the Environment

Record details

Name

Pivot Properties Ltd v The Secretary Estate for the Environment

Date

(1980)

Citation

2 EGLR 126, CA

Legislation

Landlord and Tenant Act 1954

Keywords

Commercial property – rent review – valuation on the basis of a hypothetical letting for a term not exceeding 5 and a half years – whether the valuer should take account of any possibility that the hypothetical lease might be renewed under the Landlord and Tenant Act 1954 - Landlord and Tenant Act 1954

Summary

The rent review clause required the rent to be fixed on the basis of a hypothetical letting for a term not exceeding five and a half years. The valuer should take account of any possibility that the hypothetical lease might be renewed under the Landlord and Tenant Act 1954 but should only assess rent for the term specified in the rent review clause.