Fletcher Trust and Investment Co Ltd v Guthrie's Pharmacy Ltd - [1984] 2 NZLR 418

Landlord and tenant — Rent — Escalation clause — Effect of Rent Freeze Regulations — Lease of shop premises provided that annual rent was to be fixed by a formula directly related to turnover — Formula had been agreed on before the 1982 regulations took effect — Whether the fixed formula enabled increases in rent before 29 February 1984 based on gross sales — Rent Freeze Regulations 1982, reg 3 - Rent Freeze Regulations 1983, reg 4.