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Benefit of surety covenant in lease

Language: English Series: Independent ; 17/3/89 p14Publication details: 1989Subject(s): Summary: In Coronation Street Industrial Properties Ltd v Ingall Industries plc , HL 16 March 1989, it was held that a covenant by a surety to accept a lease replacing a lease disclaimed on behalf of an insolvent tenant, is a covenant which touches and concerns the land so that the benefit of the covenant runs with the reversion.

In Coronation Street Industrial Properties Ltd v Ingall Industries plc , HL 16 March 1989, it was held that a covenant by a surety to accept a lease replacing a lease disclaimed on behalf of an insolvent tenant, is a covenant which touches and concerns the land so that the benefit of the covenant runs with the reversion.