A contractual provision requiring an expert valuer to 'have regard to' market rents for 'comparable premises in the vicinity of the Premises' identifies a specific category of properties to the implied exclusion of properties not falling within that category, even without the word 'only', and the valuer's determination of the geographical limits of 'vicinity' is subject to court review where the conclusion is not reasonably open.
The full text is available to signed-in members, including the 21 later cases that cite this judgment.
2 of the 21 citing cases carry a classified treatment. How each court treated it is available to signed-in members.