Hemingway Realty Ltd v Master Wardens and Commonalty of Freemen of the Art or Mystery of the City of London (commonly called the Clothworkers' Company)
Language: English Series: Estates Gazette ; [2005] 19 EG 176-183(8)Publication details: 2005Subject(s): Online resources: Summary: [2005] EWHC 299 (Ch), 8 March 2005. Considered the construction of a rent review clause in a lease governing the commercial tenancy. The rent review clause incorporated an open review and the defendants (C) claimed the sole right to initiate a rent review. H contended that if no rent review was initiated, then the definition of the appropriate percentage had the effect of reducing the passing rent to 60% of the open market rack rental value of the premises on 24 June 1982. "Held": the claim was dismissed. There was no presumption that a rent review clause, even one incorporating an open review, ought to be exercisable by both parties to the lease.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Law report | London Journal article | L129296 (Browse shelf(Opens below)) | 1 | Available | 129296-1001 |
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[2005] EWHC 299 (Ch), 8 March 2005. Considered the construction of a rent review clause in a lease governing the commercial tenancy. The rent review clause incorporated an open review and the defendants (C) claimed the sole right to initiate a rent review. H contended that if no rent review was initiated, then the definition of the appropriate percentage had the effect of reducing the passing rent to 60% of the open market rack rental value of the premises on 24 June 1982. "Held": the claim was dismissed. There was no presumption that a rent review clause, even one incorporating an open review, ought to be exercisable by both parties to the lease.