Hypothetical Tenant - Definition - Law Dictionary Home Dictionary Definition hypothetical-tenant

Definition :

Hypothetical tenant, a term used in valuations for rating denoting the ideal or imaginary person who would take premises at an average of the rents likely to be paid by all persons who could be regarded as possible tenants, including the owner. 'In my opinion, the rent that the (hypothetical) tenant might reasonably be expected to pay is the rent which, apart from all conditions affecting or limiting its receipt in the hands of the land-

lord, would be regarded as a reasonable rent for the tenant who occupied under the conditions which the statue imposes,' per Lord Buckmaster, Poplar Union Assessment Committee v. Roberts, 1922 AC 93.