26
75 gan brown leases in Zagking
The real cone appears to be
new luam),
on
C
Are there grounds fr
on terms
issuing to sitting tenants of this relatively small class of leaseholds, in the Expiry of their present leaves, more favourable than would be given to the general public! 2. I win that no reason scists in lower equity for theind
treatment of there cases the barones in point should be treate
as H. M. &. intends that all other holders of Crown leaves Mould be treated on expiration of tenure : other wrive an
thewive
infusions procedent would be set up.
No such reason for special treatment appears to Exist. Presumably the answer to Mt Loren's point is that the original considerations paid for these leaves were
Extenlated with only 757 cars tenure in new.
3. To the general principle intended by H. M. G. that cited by Jack (Digest h. 14 § (ix))? (ie. that the Grown should not
confiscate the whole of the tenant's improvements? If so, the question becomes one of calculating the proportion which the Crown way properly confiscate.
4.
1
economic rent
N.L. Smith! reggertion of sell calmulated on the value of the butts and a hilling thereon'
seems to go beyond that principle.
Concession to the sitting tenant might be on the following line Assuming that the consideration payable for the new heave a the final expiry of the old, would be expressed partly in terms of rent a portly of premium, with calculated on the them Value of the land & buildings, a rebate of bey 50% of the premmin might be offered to the sitting buant, provided that he had fulfilled his obligations of development & maintenan
(.Ct. Worthcka
I
28. kl. 40.
Not!. I don't agree with Butters conclusion in $813-185) his
Memorandum.
Note 2. I do not think that the pradice of Zone. renting is
applicable to developed properties, copecially of are individualized residential properties.
thes
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