RENT PERPLEXITIES.
TO THE EDITOR. Sir, —I noticed in to-night’s ‘ Star ’ vour reply to E. Smith re rents. Perhaps yon would permit me to ask still another question. Suppose the case of a tenant having taken a house from January 1, 1932, the house not having been previously lot. Possibly the owner might say that it was Jet cheaper than it would have been previous to 1930. How is the matter to be decided? —I am, etc., Still Foggy. May 11.
[ln such a case as that quoted by our correspondent the landlord and the tenant will have to get together and arrange a hypothetical rental, that is, a rental that would have been a fair rental at January 1, 1930. From that hypothetical rental a reduction of 20 per cent, will then be made. Originally there was a provision in the Bill that the rent of a house should not exceed 7 per cent, of the capital value, but the Bill was amended, it being considered that it was practically impossible under present conditions to say what was the valuation.—Ed. E.S.]
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Evening Star, Issue 21099, 11 May 1932, Page 10
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182RENT PERPLEXITIES. Evening Star, Issue 21099, 11 May 1932, Page 10
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