Re Brompton Securities Ltd (No 2)
Re Brompton Securities Ltd (No 2)
- 1988
- Estates Gazette (8849) 10 December 1988, 78-82(3) .
ChD 29 April 1988. The landlord (L) let premises comprising a six-storey building with shops and residential flats to the liquidated company (B). The lease contained a rent review which would be operated on 25 December 1988 and was anticipated to raise the rent to between £120,000 and £250,000. The lease contained a proviso for re-entry in the event of rent arrears . B went into liquidation in 1981 with an already appalling rent record, between 1978 and 1986 there were 10 separate sets of proceedings 3 against the guarantor (P) after 1981. L issued a summons to apply for forfeiture and possession however B issued a summons in the winding up proceedings for relief from forfeiture. It was held in favour of B on condition that P met all arrears of rent and the liquidator contracted to sell the companies interest in the lease to P.
ChD 29 April 1988. The landlord (L) let premises comprising a six-storey building with shops and residential flats to the liquidated company (B). The lease contained a rent review which would be operated on 25 December 1988 and was anticipated to raise the rent to between £120,000 and £250,000. The lease contained a proviso for re-entry in the event of rent arrears . B went into liquidation in 1981 with an already appalling rent record, between 1978 and 1986 there were 10 separate sets of proceedings 3 against the guarantor (P) after 1981. L issued a summons to apply for forfeiture and possession however B issued a summons in the winding up proceedings for relief from forfeiture. It was held in favour of B on condition that P met all arrears of rent and the liquidator contracted to sell the companies interest in the lease to P.