Examples of Valuer in a sentence
If the Tenant gives the Landlord a Dispute Notice, the Rent from the relevant Market Review Date is to be the higher of: the market rent for the premises determined by a Valuer appointed under clause 6.5 (Valuer); and the amount of the Rent payable immediately prior to that Market Review Date.
Either the Landlord or the Tenant may pay all the charges of the Valuer and recover half of those costs from the other party.
If they do not agree on the Valuer to be jointly appointed within 14 days after the Dispute Notice is given, the Rent is to be determined by a Valuer appointed by the Chair of the API at the request of either the Landlord or the Tenant.
A Valuer appointed under this clause is to act as an expert and not as an arbitrator.
The Valuer shall be instructed to make his determination as soon as practicable (and in any event not later than thirty (30) days) after his appointment.