Paper Properties Ltd v Power Corporation plc
Paper Properties Ltd v Power Corporation plc
- 1994
- New Property Cases 1994 NPC 156 .
CA 15 December 1994. Construes a 25 year lease at a market rent coupled with a put option for a very long geversionary leave at a peppercorn rent and a large premium as a sale of the premises for the purposes of construing an `anti-avoidance` clause in a wider agreement. NB NO PHOTOCOPYING ALLOWEDD
MARKET RENT
PEPPERCORN RENT
CA 15 December 1994. Construes a 25 year lease at a market rent coupled with a put option for a very long geversionary leave at a peppercorn rent and a large premium as a sale of the premises for the purposes of construing an `anti-avoidance` clause in a wider agreement. NB NO PHOTOCOPYING ALLOWEDD
MARKET RENT
PEPPERCORN RENT