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Business tenancy rent review: time of the essence

Language: English Series: Commercial Leases ; 21(7) September 2007, 1254-1255(2)Publication details: 2007Subject(s): Summary: Discusses "Secretary of State (SoS) for Communities and Local Government v Standard Securities Ltd". ([2007] EWHC 1808 (Ch), 27 June 2007). Involved the effect of a landlord (Standard Securities) not seeking a third-party appointment by the stipulated time during a rent review. "Held": no difference between deeming provision being triggered by failure serve notice or to appoint a third party in time. Found in favour of the tenant (SoS). Case is a timely warning to both landlords and tenants and their advisers that rent review machinery is important and that they must act according to stated time limits.
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Law report London Journal article L140937 (Browse shelf(Opens below)) 1 Available 140937-1001

Discusses "Secretary of State (SoS) for Communities and Local Government v Standard Securities Ltd". ([2007] EWHC 1808 (Ch), 27 June 2007). Involved the effect of a landlord (Standard Securities) not seeking a third-party appointment by the stipulated time during a rent review. "Held": no difference between deeming provision being triggered by failure serve notice or to appoint a third party in time. Found in favour of the tenant (SoS). Case is a timely warning to both landlords and tenants and their advisers that rent review machinery is important and that they must act according to stated time limits.