Business tenancy rent review: time of the essence
Business tenancy rent review: time of the essence
- 2007
- Commercial Leases 21(7) September 2007, 1254-1255(2) .
Discusses "Secretary of State (SoS) for Communities and Local Government v Standard Securities Ltd". ([2007] EWHC 1808 (Ch), 27 June 2007). Involved the effect of a landlord (Standard Securities) not seeking a third-party appointment by the stipulated time during a rent review. "Held": no difference between deeming provision being triggered by failure serve notice or to appoint a third party in time. Found in favour of the tenant (SoS). Case is a timely warning to both landlords and tenants and their advisers that rent review machinery is important and that they must act according to stated time limits.
SECRETARY OF STATE FOR COMMUNITIES AND LOCAL GOVERNMENT V STANDARD SECURITIES LTD
England and Wales--1543-
Discusses "Secretary of State (SoS) for Communities and Local Government v Standard Securities Ltd". ([2007] EWHC 1808 (Ch), 27 June 2007). Involved the effect of a landlord (Standard Securities) not seeking a third-party appointment by the stipulated time during a rent review. "Held": no difference between deeming provision being triggered by failure serve notice or to appoint a third party in time. Found in favour of the tenant (SoS). Case is a timely warning to both landlords and tenants and their advisers that rent review machinery is important and that they must act according to stated time limits.
SECRETARY OF STATE FOR COMMUNITIES AND LOCAL GOVERNMENT V STANDARD SECURITIES LTD
England and Wales--1543-