Break clause
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Legal & General Assurance Society Ltd v Expeditors International (UK) Ltd
Lease of commercial premises – Termination – Exercise of tenant’s break clause conditional upon vacant possession on given date – Tenant failing to vacate premises on that date – Whether…
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PP 2007/33
The decision in KPMG LLP v Network Rail Infrastructure Ltd [2007] EWCA Civ 363; [2007] PLSCS 87 highlights the attention to detail required when negotiating and drafting break clauses.
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KPMG LLP v Network Rail Infrastructure Ltd
Landlord and tenant; Break clause
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KPMG LLP v Network Rail Infrastructure Ltd
Commercial lease — Tenant’s break clause — Construction — Whether grounds for rectification — Appeal allowed
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PP 2007/08
The Law Society’s advice to tenants on the subject of break clauses is: “Get one if you can. Try and make sure it is exercisable after a certain date, not…
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Legal & General Assurance Society Ltd v Expeditors International (UK) Ltd
Landlord and tenant — Commercial premises — Termination of lease — Tenant wishing to exercise break clause — Tenant issuing notice of intention to terminate — Whether notice giving rise…
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PP 2006/06
In order to validly exercise a break clause, a tenant must comply with any required pre-conditions, such as having paid the rent and complied with any other lease obligations as…
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KPMG LLP v Network Rail Infrastructure Ltd
Commercial lease — Tenant’s break clause — Construction — Whether grounds for rectification — Claim allowed in part — Counterclaim allowed
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Harbour Estates Ltd v HSBC Bank plc
Lease — Break clause — Assignment of lease — Whether benefit of break clause personal or touching and concerning land — Whether benefit passing to assignee — Claim dismissed
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JIS (1974) Ltd v MCP Investment Nominees I Ltd and another
Break clause — Construction — Appellant tenant’s break clause exercisable on condition vacant possession given — Tenant unable to fulfil vacant possession requirement in respect of part of building leased…
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Equinox Industrial (GP2) Ltd and another v Sketchley Ltd
Tenant’s option to terminate — Option exercisable solely by original tenant — Tenant assigning lease and subsequently taking reassignment — Landlords claiming option incapable of revival upon reassignment — Landlords’…
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A&J Mucklow (Birmingham) Ltd v Metro-Cammell Weymann Ltd
Option to determine lease prematurely — Whether tenant validly exercising break clause — Whether landlord estopped from denying validity — High court holding that break clause to be strictly construed…