Blythewood Plant Hire Ltd v Spiers Ltd (in receivership)
Blythewood Plant Hire Ltd v Spiers Ltd (in receivership)
- 1992
- Estates Gazette (1992) 48 EG 117(1) .
County Court 31 July 1992. B applied for a new tenancy of premises owned by S under Landlord and Tenant Act 1954 Part II. A receiver was appointed under a debenture in respect of the property and undertaking of S. Initially S opposed the granting of a new lease, but eventually proposed terms of five years at a rent of £80,000 pa and a review on the penultimate day of the term. The issues before the court included, whether the lease should contain a development break clause, the amount of the new rent and the amount of the interim rent. It was "held" that B should be granted a 10-year term with a development break clause capable of operating at the expiry of the seventh of any subsequent year of the term. The rent of the new lease was determined at £41,700; interim rent £20,000pa.
LANDLORD AND TENANT ACT 1954
LEASE TERMS
NEW TENANCIES
RENT REVIEWS
County Court 31 July 1992. B applied for a new tenancy of premises owned by S under Landlord and Tenant Act 1954 Part II. A receiver was appointed under a debenture in respect of the property and undertaking of S. Initially S opposed the granting of a new lease, but eventually proposed terms of five years at a rent of £80,000 pa and a review on the penultimate day of the term. The issues before the court included, whether the lease should contain a development break clause, the amount of the new rent and the amount of the interim rent. It was "held" that B should be granted a 10-year term with a development break clause capable of operating at the expiry of the seventh of any subsequent year of the term. The rent of the new lease was determined at £41,700; interim rent £20,000pa.
LANDLORD AND TENANT ACT 1954
LEASE TERMS
NEW TENANCIES
RENT REVIEWS