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NCR Ltd v Riverland Portfolio Ltd no.1

Language: English Series: Property, Planning and Compensation Reports ; [2005] 1 P&CR 3 (13)Publication details: 2005Subject(s): Summary: [2004] EWHC 921 (Ch), 2 April 2004. Discusses whether payment of a reverse premium infringes a covenant prohibiting underletting unless at a suitable market rate rent. N had arranged a underlet including payment to the underlessee of a reverse premium. R argued that the underlet was in breach of the covenant, claiming that the premium lowered the actual amount paid as rent. "Held": the payment of a reverse premium was accepted as a way of satisfying headlease conditions. The clause did not expressly prohibit the granting of a reverse premium.
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Item type Current library Call number Copy number Status Barcode
Journal article London Journal article ABS68841 (Browse shelf(Opens below)) 1 Available 128990-1001

[2004] EWHC 921 (Ch), 2 April 2004. Discusses whether payment of a reverse premium infringes a covenant prohibiting underletting unless at a suitable market rate rent. N had arranged a underlet including payment to the underlessee of a reverse premium. R argued that the underlet was in breach of the covenant, claiming that the premium lowered the actual amount paid as rent. "Held": the payment of a reverse premium was accepted as a way of satisfying headlease conditions. The clause did not expressly prohibit the granting of a reverse premium.