A RENT CASE
I MAGISTRATE'S RESERVED JUDGMENT. PER PRESB ASSOCIATION. aHRISTOHUROH, February 23. The magistrate (Mr S. 13. McCarthy) gave reserved judgment in the rent. fixing case, Inspector of Factories v. Grant (landlord) and Langford (tenant). The ' magistrate held that only tho stable basis of valuation should be taken into account in fixing tho capital value. The present Government valuation was £570, but the property would sell for £750 or £BOO. The latter value was dependent on various conditions arising out of the war and partial suspension of the building trade. It would perpetuate the evils which legislation was designed to provent if such value wero taken to compute the standard of rent under tho war legislation Acts. The building was in a certain eta to of disrepair. The magistrate therefore fixed the present capital value at £545. The maximum rent? chargeable is 8 per cent, on capital value.
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Bibliographic details
New Zealand Times, Volume XLVI, Issue 10521, 24 February 1920, Page 6
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149A RENT CASE New Zealand Times, Volume XLVI, Issue 10521, 24 February 1920, Page 6
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