FIXING THE RENT
MAGISTRATE'S DECISION.
(Per Press Association.)
CimiSTCHIJECH, This Day. Magistrate McCarthy gave his reserved judgment in the "rent fixing case of the Inspector of Factories v. Grant (landlord), and Lang-ford (tenant). The. Magistrate he]d that the only stable basis of valuation that should be taken into account in fixing the capital value was the present Government valuation of £270, but the property would sell for £750 or £BOO. 'The latter value was dependent upon various conditions arising out of the war and the partial suspension of the building trade. ~ It would perpetuate _ evils which legislation was designed to prevent if such value were taken to compute the standard of rent under the War Regulations Act. The building was in a certain state of disrepair. The magistrate therefore fixed the present capital value at £545 and the maximum rent ehargnble i s 8 per cent oif the capital.
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Greymouth Evening Star, 23 February 1920, Page 2
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149FIXING THE RENT Greymouth Evening Star, 23 February 1920, Page 2
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