the estimated rental value definition
the estimated rental value means such amount as shall in the reasonable opinion of an independent surveyor appointed by the Lessor being a member of the Royal Institution of Chartered Surveyors and having a reasonable knowledge of current rental values in the areas in which the demised premises are situated represent the “Market Rent” (as defined in the Third Schedule hereto) payable as at the time of either of the events referred to in sub-clauses in 5.12.1 or 5.12.2