In re A Proposed Lease Hood to Woolworths (New Zealand) Limited - [1949] NZLR 297

Land Valuation — Lease with Option to Purchase — Lease for Twenty-five Years — Option to Purchase at End of Twenty Years — Basic Rent under Tenancy Act, 1948 — Term of Lease a Relevant Consideration — Grant of Option — Exercise of Option — Separate Applications for Approval — Considerations for Court on Each Application — Servicemen's Settlement and Land Sales Act, 1943, ss 43, 55.