New Zealand Law Society - Commercial leases: what proportion of rent is a “fair proportion”?

Commercial leases: what proportion of rent is a “fair proportion”?

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Like many of you, the Property Law Section has been considering what might be regarded as a ‘fair proportion’ of rent and outgoings under the well-known clause 27.5 of the ADLS Deed of Lease 6th Edition 2012 (5). Although the clause has not yet been interpreted by the courts, it is…

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