(1).
Damages based on market rent (section 2-1519 or 2-1528) are determined according to the rent for the use of the goods concerned
for a lease term identical to the remaining lease term of the original lease agreement and prevailing at the times specified
in sections 2-1519 and 2-1528.
[
1991, c. 805, §4 (NEW)
.]
(2).
If evidence of rent for the use of the goods concerned for a lease term identical to the remaining lease term of the original
lease agreement and prevailing at the times or places described in this Article is not readily available, the rent prevailing
within any reasonable time before or after the time described or at any other place or for a different lease term which in
commercial judgment or under usage of trade would serve as a reasonable substitute for the one described may be used, making
any proper allowance for the difference, including the cost of transporting the goods to or from the other place.
[
1991, c. 805, §4 (NEW)
.]
(3).
Evidence of a relevant rent prevailing at a time or place or for a lease term other than the one described in this Article
offered by one party is not admissible unless and until that party has given the other party notice the court finds sufficient
to prevent unfair surprise.
[
1991, c. 805, §4 (NEW)
.]
(4).
If the prevailing rent or value of any goods regularly leased in any established market is in issue, reports in official
publications or trade journals or in newspapers or periodicals of general circulation published as the reports of that market
are admissible in evidence. The circumstances of the preparation of the report may be shown to affect its weight but not
its admissibility.
[
1991, c. 805, §4 (NEW)
.]
SECTION HISTORY
1991, c. 805, §4 (NEW).
Data for this page extracted on 10/16/2012 08:20:53.