Mandic v Cornwall Park Trust Board - [2012] 2 NZLR 194

Practice and procedure — Availability of declaratory judgments — Whether existing dispute or lis required — Observations — Declaratory Judgments Act 1908, s 3.

Property law — Lease — Perpetually renewable lease — Rent reassessed at renewal date — Lease restricted lessee to building one residential building on property — Whether property to be valued as if unimproved or with current improvements — Whether value of improvements properly calculated by deducting value of unimproved land from market value of property — Whether property to be valued as constrained by restrictions in current lease.