000			01696cab a2200265 4500
001			ABS60035
008			090401t1999 xxu||||| |||| 00| 0 eng d
035			_a(Sirsi) u91158
041			_aeng
245			_aFerrishurst Ltd v Wallcite Ltd
260			_c1999
350			_a0
490			_aEstates Gazette Law Reports _v[1999] 05 EG 161-168(8)
520			_aCA 30 November 1998. Appellant (F) was granted a term of office premises for four years by a subunderlease which contained an option to acquire the subunderlessor`s reversionary interest at a max. price of £28,000. The reversionary interest was an underlease dated 29 January 1973 for a term of 40 years. The respondent (W) acquired the freehold in 1987 and the headlease in 1988, when W also became the registered proprietor of the underlease. In September 1988 F gave a notice to exercise the option to acquire the underlease. In proceedings by W seeking possession of the premises, and by F claiming specific performance of the contract arising on the exercise of the option, W asserted that, as the option had not been registered against its registered title to the underlease, it was not bound by the option, notwithstanding W`s actual knowledge of the option when it acquired the underlease. F appealed against the CC decision that W was not bound by the option. "Held" Appeal allowed.
650			_aFERRISHURST LTD V WALLCITE LTD
650			_aLAND REGISTRATION ACT 1925 S70(1)(G)
650			_aOCCUPATION
650			_aOPTION TO PURCHASE
650			_aOVERRIDING INTEREST
650			_aSUBUNDERLEASES
650			_aUNREGISTERED OPTION
690			_aPROPERTY LAW AND PRACTICE
942			_n0
948			_c09/02/1999
999			_c57847 _d57847