Legal case news time is money when brokering a deal over breaking leases, Hotgroup plc v Royal Bank of Scotland plc (as trustee of Schroder Exempt Property Unit Trust)
Language: English Series: Property Week ; 76 (25) 28 May 2010, 64(1) Publication details: 2010Subject(s): Summary: [2010] EWHC 1241 (Ch), 28 May 2010. Highlights the importance of ensuring any notices to terminate a lease are served in accordance with its provisions. Failure to do so may lead to an inability to terminate a lease early with a serious impact on the financial position of the party serving the notice. Claimant commercial tenant H sought a declaration that it had validly exercised a break clause in a lease of commercial premises as against the defendant landlord R. R contended that H had failed to inform property manager S in time. "Held": found for defendant R because claimant H had not exercised its break properly.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | L154644 (Browse shelf(Opens below)) | 1 | Available | 154644-1001 |
[2010] EWHC 1241 (Ch), 28 May 2010. Highlights the importance of ensuring any notices to terminate a lease are served in accordance with its provisions. Failure to do so may lead to an inability to terminate a lease early with a serious impact on the financial position of the party serving the notice. Claimant commercial tenant H sought a declaration that it had validly exercised a break clause in a lease of commercial premises as against the defendant landlord R. R contended that H had failed to inform property manager S in time. "Held": found for defendant R because claimant H had not exercised its break properly.