Reversion
Language: English Series: Estates Gazette Case Summaries ; (1994) EGCS 162 (29/10/94)Publication details: 1994Subject(s): Summary: "System Floors Ltd v Ruralpride Ltd and another" CA 18/10/94. Midland Oak Construction Ltd (M) granted to S, three leases of industrial premises. At the same time M and S entered into a written agreement (the side letter). By clause 4 of the side letter, M stated that its terms and provisions and the rights granted thereby were personal to S and were not capable of assignment to any other party, and would cease to have effect on the determination, surrender or expiration of the leases. When M agreed to sell the reversions to the leases to R an issue arose whether the terms of the side letter applied to R. Held that the obligations were personal to M. S appealed. Appeal allowed.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Law report | London Journal article | WB3041-32 (Browse shelf(Opens below)) | 1 | Available | 26430-1001 |
"System Floors Ltd v Ruralpride Ltd and another" CA 18/10/94. Midland Oak Construction Ltd (M) granted to S, three leases of industrial premises. At the same time M and S entered into a written agreement (the side letter). By clause 4 of the side letter, M stated that its terms and provisions and the rights granted thereby were personal to S and were not capable of assignment to any other party, and would cease to have effect on the determination, surrender or expiration of the leases. When M agreed to sell the reversions to the leases to R an issue arose whether the terms of the side letter applied to R. Held that the obligations were personal to M. S appealed. Appeal allowed.