Duty to return tenant`s deposit does not concern the land
Duty to return tenant`s deposit does not concern the land
- 1986
- Times 27/11/86 p41 (2) .
In Hua Chiao Commercial Bank Ltd v Chiaphua Industries Ltd (formerly known as Chiap Hua Clocks and Watches Ltd) ,Privy Council 25 November 1986,it was held that the obligation of a landlord under a clause in a lease to return at the expiration of the term a security deposit paid by the tenant was not a obligation which touched and concerned the land,and therefore an assignee of the reversion was not obliged to repay money which it had never received.
DEPOSIT
HONG KONG
In Hua Chiao Commercial Bank Ltd v Chiaphua Industries Ltd (formerly known as Chiap Hua Clocks and Watches Ltd) ,Privy Council 25 November 1986,it was held that the obligation of a landlord under a clause in a lease to return at the expiration of the term a security deposit paid by the tenant was not a obligation which touched and concerned the land,and therefore an assignee of the reversion was not obliged to repay money which it had never received.
DEPOSIT
HONG KONG