Turned over by a turnover rent
Language: English Series: Commercial Leases ; 19(6) June 2005, 1001-1002(2)Publication details: 2005Subject(s): Summary: Discusses the case "Altonwood Ltd v Crystal Palace FC" (2000) Ltd ([2005] EWHC 292 (Ch), unreported) where a row arose over an agreement for the shared use of Selhurst Park football ground in south east London. It concerned the rights and obligations of the Landlord (A) and the tenant (CPFC) in relation to a lease of Selhurst Park dated 5 July 2000 which included a turnover rent which could be reduced from 10% to 7.5% if CPFC entered into a groundsharing agreement. An agreement was entered into with Wimbledon FC (WFC) who later moved to Milton Keynes. However CPFC did not terminate the agreement but instead entered into an operation agreement. The judge decided that on a true construction of the reduction in turnover rent provisions, a groundsharing agreement, not just a licence, must exist.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | L130205 (Browse shelf(Opens below)) | 1 | Available | 130205-1001 |
Discusses the case "Altonwood Ltd v Crystal Palace FC" (2000) Ltd ([2005] EWHC 292 (Ch), unreported) where a row arose over an agreement for the shared use of Selhurst Park football ground in south east London. It concerned the rights and obligations of the Landlord (A) and the tenant (CPFC) in relation to a lease of Selhurst Park dated 5 July 2000 which included a turnover rent which could be reduced from 10% to 7.5% if CPFC entered into a groundsharing agreement. An agreement was entered into with Wimbledon FC (WFC) who later moved to Milton Keynes. However CPFC did not terminate the agreement but instead entered into an operation agreement. The judge decided that on a true construction of the reduction in turnover rent provisions, a groundsharing agreement, not just a licence, must exist.