FIXSNC OF RENT. CHBISTOHURCH, February 23. The magistrate (Mr M'Carthy) gave his reserved judgment to-day in the rent-fix-ing case, Inspector of Factories versus Grant (landlord) and Longford (tenant). The magistrate held that the only stable basis of valuation should be taken into account in fixing the 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 evils which legislation was designed to prevent if such value were taken to compute the standard rent under the War Legislation Acts. The building was in a certain state of disrepair. The magistrate therefore fixed the present capital value as £545, and the maximum rent chargable is 8 per cent, of the capital value.
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Otago Witness, Issue 3442, 2 March 1920, Page 7
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140Page 7 Advertisements Column 2 Otago Witness, Issue 3442, 2 March 1920, Page 7
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