Trane (UK) Ltd v Provident Mutual Life Assurance
Trane (UK) Ltd v Provident Mutual Life Assurance
- 1995
- Estates Gazette (1995) 03 EG 122-128(7) .
ChD 23 June 1994. In August 1991 there was agreement for a lease between tenants (T) and the landlords` predecessor in title. The lease term was for 25 years and the tenants could determine the lease by six months notice expiring at the end of the tenth year provided there were no breaches of covenant. T gave notice on 25 June 1991 to determine the lease on 5 January 1992 contending that the tenth year must be calculated from the date of execution of the lease on 6 January 1982 not from its commencement on 28 August 1981. This was dismissed on the grounds that the ten years should have been calculated form commencement and that various repairing covenants had not been honoured.
BREAK CLAUSES
BUSINESS TENANCIES
EXECUTION DATE
LEASE TERMS
LEASES
OPTION TO BREAK
REPAIRING COVENANT
TERMINATION
ChD 23 June 1994. In August 1991 there was agreement for a lease between tenants (T) and the landlords` predecessor in title. The lease term was for 25 years and the tenants could determine the lease by six months notice expiring at the end of the tenth year provided there were no breaches of covenant. T gave notice on 25 June 1991 to determine the lease on 5 January 1992 contending that the tenth year must be calculated from the date of execution of the lease on 6 January 1982 not from its commencement on 28 August 1981. This was dismissed on the grounds that the ten years should have been calculated form commencement and that various repairing covenants had not been honoured.
BREAK CLAUSES
BUSINESS TENANCIES
EXECUTION DATE
LEASE TERMS
LEASES
OPTION TO BREAK
REPAIRING COVENANT
TERMINATION