▁le ase ▁is ▁being ▁agreed , ▁where ▁the ▁ten ant ▁pays ▁all ▁rep airs ▁and ▁ins urance , ▁and ▁that ▁the ▁property ▁" is ▁in ▁a ▁state ▁of ▁reasonable ▁repair ". ▁It ▁appears ▁that ▁it ▁was ▁the ▁intention ▁of ▁the ▁dra fter s ▁of ▁the ▁Local ▁Government ▁Fin ance ▁Act ▁ 1 9 8 8 ▁that ▁the ▁previous ▁assumption ▁of ▁@ reason able ▁repair ' ▁would ▁continue ▁in ▁the ▁new ▁system . ▁However , ▁a ▁successful ▁legal ▁challenge ▁at ▁the ▁Land s ▁Trib unal ▁( Ben jamin ▁( VO ) ▁v ▁An ston ▁Properties ▁Ltd ▁[ 1 9 9 8 ]) ▁showed ▁that ▁they ▁had ▁in ▁fact ▁failed ▁to ▁include ▁it ▁in ▁the ▁legisl ation . ▁This ▁was ▁rect ified ▁by ▁the ▁R ating ▁( Val u ation ) ▁Act ▁ 1 9 9 9 , ▁which ▁am ended ▁the ▁ 1 9 8 8 ▁Act ▁to ▁explicitly ▁include ▁the ▁assumption . ▁The ▁repair ▁assumption ▁includes ▁the ▁prov iso ▁of ▁" ex cluding ▁from ▁this ▁assumption ▁any ▁rep airs ▁which ▁a ▁reasonable ▁land l ord ▁would ▁consider ▁une conom ic ." ▁The ▁property ▁is ▁assumed ▁to ▁be ▁vac ant ▁and ▁to ▁let . ▁ ▁Material ▁day ▁and ▁ante ced ent ▁valu ation ▁date ▁▁ ▁The ▁material ▁day ▁is ▁the ▁day ▁on ▁which ▁matters ▁affect ing ▁the ▁physical ▁state ▁of ▁the ▁property ▁are ▁taken ▁into ▁account . ▁The ▁matters ▁are ▁those ▁affect ing ▁the ▁physical ▁state ▁or ▁physical ▁enjoy ment , ▁and ▁the ▁mode ▁or ▁category ▁of ▁occupation ▁of ▁the ▁property . ▁This ▁can