Cases - 99 Bishopsgate Ltd v Prudential Assurance Co Ltd

Record details

Name

99 Bishopsgate Ltd v Prudential Assurance Co Ltd

Date

(1985)

Citation

1 EGLR 72, CA or 273 EG 984

Keywords

Commercial property – landlord and tenant – rent review – basis of review – whether the rent review for a very large office block, based on the hypothetical letting of premises on a single lease with vacant possession, had to take account of the likelihood that a tenant would want to sublet

Summary

Where the rent for a very large office block was to be reviewed on the basis of a hypothetical letting of the premises on a single lease with vacant possession, the market rent valuation had to take account of the likelihood that a tenant would want to sublet and would expect the rent to allow for potential void periods while he found subtenants.