Mahoney v RC Dimock Ltd - [1990] 3 NZLR 114

Property law — Lease — Rent review — Rent payable on review was to be such amount as was agreed upon by the parties or fixed by arbitrator if they could not agree — Arbitrator fixed rent on open market basis with deduction for tenant's improvements — Tenant argued that lack of profitability of business carried on in premises should be taken into account — Whether profitability or otherwise of business of tenant should be taken into account.