Hypothetical Tenant - Law Dictionary Search Results
Home Dictionary Name: hypothetical tenantHypothetical tenant
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....
Rateable value of a building
Rateable value of a building, the criteria for deter-mining rateable value of a building is the annual rent at which such building might reasonably expect to get from a hypothetical tenant, if the building were let from year, less certain deductions. What is reasonable is a question of fact and it depends on the facts and circumstances of a given situation, Dr. Balbir Singh v. M.C.D., AIR 1985 SC 339: (1985) 1 SCC 167: (1985) 2 SCR 439....
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