000			01331cab a2200229 4500
001			ABS52001
008			090401t1994 xxu||||| |||| 00| 0 eng d
035			_a(Sirsi) u54306
041			_aeng
245			_aP&O Property Holdings Ltd v Norwich Union Life Insurance Society
260			_c1994
350			_a0
490			_aProperty and Compensation Reports _v(1994) 68 P&CR 261-268(8)
520			_aHL 17 February 1994. A site was developed as a shopping centre by P and financed by N. Under the agreement N was to meet development costs up to an agreed amount and P to meet costs in excess of this. Reverse premiums were were made part of the costs subject to N`s agreement. Also P had to use reasonable endeavour to obtain a letting for each part of the scheme. On completion many units remained unlet. N argued that P was bound to agree to payment of a reverse premium to a tenant if a hypothetical landlord would regard such premiums as good estate management in current conditions. The decision in favour of N was reversed by CA. On appeal, appeal dismissed.
650			_aDEVELOPMENT AGREEMENT
650			_aP&O PROPERTY HOLDINGS LTD V NORWICH UNION LIFE INSURANCE
650			_aREVERSE PREMIUMS
650			_aSHOPPING CENTRES
690			_aPROPERTY LAW AND PRACTICE-CASE LAW
942			_n0
948			_c04/03/1997
999			_c33284 _d33284