Feltex International Ltd v JBL Consolidated Ltd - [1988] 1 NZLR 668

Property law — Lease — Rent review — Lease for 30 years with "annual rental" to be reviewed every five years — Arbitrator fixed rent by reference to comparable properties, most of which had three yearly rent reviews, and added 10% for longer term of five years — Whether the word "fair" should be implied into the term "annual rental" - Whether arbitrator was entitled to add 10% for a longer term — Whether award should be set aside.