Rent review clauses
Series: Estates Gazette ; (0127) 7 July 2001, 130(1)Publication details: 2001Subject(s): Summary: Considers the issue of whether time is of the essence in respect of various provisions within a rent review clause. In the 1977 landmark ruling - "United Scientific Holdings Ltd v Burnley BC" , HL decided that, normally, time is not of the essence. Discusses two recent cases - "McDonald's Property Co Ltd v HSBC Bank" and "Cheapside Land Development Co v Messels Service Co" - which challenged aspects of the "United Scientific" ruling. Concludes that the existence of a detailed timetable is not sufficient to render time of the essence. The 1977 HL ruling must still be regarded as authoritative.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| News article | London News article | WB3727-22 (Browse shelf(Opens below)) | 1 | Available | 113601-1001 |
Considers the issue of whether time is of the essence in respect of various provisions within a rent review clause. In the 1977 landmark ruling - "United Scientific Holdings Ltd v Burnley BC" , HL decided that, normally, time is not of the essence. Discusses two recent cases - "McDonald's Property Co Ltd v HSBC Bank" and "Cheapside Land Development Co v Messels Service Co" - which challenged aspects of the "United Scientific" ruling. Concludes that the existence of a detailed timetable is not sufficient to render time of the essence. The 1977 HL ruling must still be regarded as authoritative.