Benjamin Developments Ltd v Robt Jones (Pacific) Ltd - [1994] 3 NZLR 189

Contract — Interpretation — Central city commercial block development — Agreement for sale providing for minimum of 85 per cent leasing before settlement at agreed minimum rental rates — Vendor possibly able to achieve the agreed leasing at the agreed rates but only on the basis of substantial incentives — Incentives possibly affecting yield and therefore value of property — Whether effect of incentives on yield and value could be taken into account in determining whether agreed "rate" had been achieved.