000 01688cab a2200205 4500
001 ABS68746
008 050228n2005 000 0 eng u
035 _a(Sirsi) u128901
041 _aeng
245 _aHarbour Estates Ltd v HSBC Bank plc
260 _c2005
490 _aWeekly Law Reports
_v[2005] 2 WLR 67-86(19)
520 _a[2004] 2 EWHC 1714 (Ch), 15 July 2004. Considers if an assignee of underleases can benefit from break clauses. HE contended that there had been no automatic, express or implied transfer of the benefit of the break clause when the underleases were assigned to HSBC. HS counterclaimed that the benefit fell within the ordinary meaning of the Law of Property Act 1925 s63(1) as a right in the property conveyed, which the assignor had the power to convey and that the benefit passed with the term on assignment. "Held": it could not be concluded that the benefit had passed to HSBC by virtue of s63 as the assignment made no express mention of such benefit, or under s62 because it was not a right that touched or concerned the land. However under a limited interpretation of s63 the benefit of the break clause passed with the term on assignment as it touched and concerned the right. HSBC had been entitled to exercise it. Claim dismissed.
590 _aABS
650 _aHARBOUR ESTATES LTD V HSBC BANK PLC
650 _aLAW OF PROPERTY ACT 1925 S63(1)
690 _aPROPERTY-COMMERCIAL PROPERTY-LEASEHOLD COMMERCIAL PROPERTY-COMMERCIAL LANDLORD AND TENANT-COMMERCIAL LEASES-ASSIGNMENT OF COMMERCIAL LEASES
856 _uhttps://www.bailii.org/ew/cases/EWHC/Ch/2004/1714.html
_zView the judgment free of charge at www.bailii.org...
942 _n0
999 _c74851
_d74851