Take a break
Marks, S.
Take a break - 2002 - Solicitors' Journal 146(35) 20 September 2002, 826-827(2) .
Examines the issues and case law affecting break options which have become very popular for landlords and tenants in modern commercial leases. Discusses in some detail the following areas:conditional break options; the significance of the date of the break notice and the rent payment dates under the lease; and the situation with headleases and underleases. Concludes by advising landlords, tenants and legal advisers to fully understand the effect of the wording of each individual break option to avoid legal battles. Case law.
BREAK OPTIONS
REED PERSONNEL SERVICES V AMERICAN EXPRESS EUROPE
WILLIAM HILL (FOOTBALL) V WILLEN KEY AND HARDWARE
CREDIT LYONNAIS SA V RUSSELL JONES AND WALKER
BARRETT V MORGAN
COMMERCIAL LEASES
HEADLEASES
UNDERLEASES
Take a break - 2002 - Solicitors' Journal 146(35) 20 September 2002, 826-827(2) .
Examines the issues and case law affecting break options which have become very popular for landlords and tenants in modern commercial leases. Discusses in some detail the following areas:conditional break options; the significance of the date of the break notice and the rent payment dates under the lease; and the situation with headleases and underleases. Concludes by advising landlords, tenants and legal advisers to fully understand the effect of the wording of each individual break option to avoid legal battles. Case law.
BREAK OPTIONS
REED PERSONNEL SERVICES V AMERICAN EXPRESS EUROPE
WILLIAM HILL (FOOTBALL) V WILLEN KEY AND HARDWARE
CREDIT LYONNAIS SA V RUSSELL JONES AND WALKER
BARRETT V MORGAN
COMMERCIAL LEASES
HEADLEASES
UNDERLEASES