Option agreement
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PP 2007/77
The Landlord and Tenant Act 1954 contains safeguards to protect business tenants from agreeing to relinquish security of tenure without appreciating the consequences of their actions.
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Ultimate Leisure Ltd and another v Tindle and another
Option agreement – Option property including part of property let by first appellant to second appellant – Second appellant agreeing to surrender in event of exercise of option by respondents…
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Ultimate Leisure Ltd and another v Tindle and another
Option agreement – Enforcement
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Ahmed and another v Wingrove
Option to purchase land – Defendant seeking to exercise option – Court ordering specific performance – Completion of sale not taking place on completion date specified in order – Claimants…
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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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Coaten v PBS Corporation
Lease — Option — Right of pre-emption — Claimant selling lease through defendant at discounted price — Agreement giving claimant conditional right to purchase on death of individual — Whether…
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PP 2006/07
In Malkinson and others v Secured Orchard Investments Ltd and another [2005] EWCA Civ 1509; [2005] PLSCS 229, the court was called upon to consider the construction of an option…
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PP 2006/02
Outline planning permission authorises a development, often subject to reserved matters. Reserved matters can include the siting, design or external appearance of the building, its means of access, and landscaping.
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BP Oil UK Ltd and others v Lloyds TSB Bank plc
Option agreement — Assignment of lease — Put option to take assignment of lease — Put option held by three parties — Lease registered in names of two parties –…
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Portsmouth City Football Club Ltd v Sellar Properties (Portsmouth) Ltd
Option to purchase land — Formula for calculating price payable — Construction — Whether reference to “consent” of local authority restricted to planning consent — Understanding of reasonable man –…
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Macklin and others v Dowsett
Life tenancy — Planning permission to construct bungalow — Option to require surrender of tenancy if bungalow not built within three years — Whether option agreement procured by undue influence…