Traps of offer-backs
Series: Property Week ; 67(7) 22 February 2002, 38-39(2)Publication details: 2002Subject(s): Summary: Using recent case "Bircham & Co Nominees (No 2) Ltd and Sarah Stowell v Worrell Holdings Ltd", warns landlords of losing their rights of pre-emption. A landlord thought he was accepting an offer-back, but lost his rights on a technicality, concerning the date of acceptance on an offer-back. Offer-backs are generally used so that a landlord can block the transfer of a lease to a tenants' chosen assignee. Suggests landlords remember that a conditional acceptance is not an acceptance at all.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS65169 (Browse shelf(Opens below)) | 1 | Available | 116976-1001 |
Using recent case "Bircham & Co Nominees (No 2) Ltd and Sarah Stowell v Worrell Holdings Ltd", warns landlords of losing their rights of pre-emption. A landlord thought he was accepting an offer-back, but lost his rights on a technicality, concerning the date of acceptance on an offer-back. Offer-backs are generally used so that a landlord can block the transfer of a lease to a tenants' chosen assignee. Suggests landlords remember that a conditional acceptance is not an acceptance at all.