Acquisition by tenants
Acquisition by tenants
- 1997
- Estates Gazette Case Summaries 1997 EGCS 29 (15/3/97) .
"Michaels and another v Frogmore Estates plc and another" ChD 3 March 1997. Sale of block of flats. Attempt to avoid tenant pre-emption rights under the Landlord and Tenant Act 1987 by vesting block in a subsidiary company and contracting to sell controlling shareholding. Question whether the contractual obligation to transfer shares put an end to subsidiary status. Action dismissed.
BLOCK OF FLATS
COMPANIES ACT 1985
LANDLORD AND TENANT ACT 1987
MICHAELS AND ANOTHER V FROGMORE ESTATES PLC AND ANOTHER
PRE-EMPTION RIGHTS
SALE OF FLATS
"Michaels and another v Frogmore Estates plc and another" ChD 3 March 1997. Sale of block of flats. Attempt to avoid tenant pre-emption rights under the Landlord and Tenant Act 1987 by vesting block in a subsidiary company and contracting to sell controlling shareholding. Question whether the contractual obligation to transfer shares put an end to subsidiary status. Action dismissed.
BLOCK OF FLATS
COMPANIES ACT 1985
LANDLORD AND TENANT ACT 1987
MICHAELS AND ANOTHER V FROGMORE ESTATES PLC AND ANOTHER
PRE-EMPTION RIGHTS
SALE OF FLATS