ABSTRACT
It is possible for the income produced by a property to vary at different future dates. This may occur when a lease has been in existence for a number of years, during which time rental values may have increased, the present rent consequently being out of date. When the current lease expires it is therefore often reasonable to assume that at least the present full rental value of the property would be obtainable on re-letting, and that this would produce a higher income flow than the lower rent paid under the existing lease.
