N B Hunt & Sons Ltd v Maori Trustee - [1986] 2 NZLR 641

Equity — Estoppel by representation — Lease — Rent review was assessed on basis of a valuation of part only of the leased land — On the basis of the new rent as represented by lessor, the lessee prepared budgets and acted to its detriment by raising finance for development of the leased land — Whether lessor was estopped from claiming higher rent following new valuation on whole of leased land — Whether circumstances ought reasonably to have put lessee on inquiry as to the true position.