Sham transaction
Sham transaction
- 1999
- Estates Gazette Case Summaries [1999] EGCS 42 (10 April 1999)_ .
"Bhopal and another v Walia" CA 25 March 1999. Tenant signing agreement to pay higher rent-Agreement made solely to enable landlord to mislead his bankers-Tenant continuing to pay at lower rate-Landlord selling freehold to plaintiffs-Whether plaintiffs entitled to rent at the higher rate-Judge finding for plaintiffs-Tenant claiming, on appeal, that agreement a sham-Appeal allowed. JOURNAL HEADNOTE.
BHOPAL AND ANOTHER V WALIA
DECEPTION
HOUSING ACT 1988
LAW OF PROPERTY ACT 1925
SHAM TRANSACTION
"Bhopal and another v Walia" CA 25 March 1999. Tenant signing agreement to pay higher rent-Agreement made solely to enable landlord to mislead his bankers-Tenant continuing to pay at lower rate-Landlord selling freehold to plaintiffs-Whether plaintiffs entitled to rent at the higher rate-Judge finding for plaintiffs-Tenant claiming, on appeal, that agreement a sham-Appeal allowed. JOURNAL HEADNOTE.
BHOPAL AND ANOTHER V WALIA
DECEPTION
HOUSING ACT 1988
LAW OF PROPERTY ACT 1925
SHAM TRANSACTION