The Payne of breaking up

Article Abstract:

The case of Pennell v Payne will serve to force parties to tenancies involving underleases to be even more cautious regarding break clauses. The Court of Appeal ruled that a tenant's exercise of the right to determine a lease under a break clause is exactly equivalent to the determination of a periodic tenancy by notice to quit. Practitioners must now assume that service of an upwards notice to quit on the superior landord of a periodic tenancy and service of an upwards break notice on the superior landlord of a fixed-term tenancy will have the effect of determining derivative interests.

---

Avoid a date with disaster

Article Abstract:

Landlords and tenants of commercial property in the UK should be aware that the year 2000 computer date change raises a number of potentially very serious issues. Tenants must consider whether the rent suspension provisions in their leases will apply if their premises have to be shut down while work is undertaken to resolve the year 2000 computer date change problem. Landlords must review their leases to establish whether their reinstatement responsibilities will make it necessary for them to pay for the repair of damage resulting from any date change problem.

Prepackaged software, Software Publishers, Systems Software Pkgs (Micro), Management, Operating systems (Software), Year 2000 transition (Computers), Home legal software

---

Similar abstracts:

• Abstracts: The changing face of recreation. Communing with nature. Straws blowing in the wind
• Abstracts: The index beaters. Staking out the future. Glimmers of light in the darkness
• Abstracts: The next generation. Agents should do the dishes. Eagle eye
• Abstracts: The role of investment research in corporate real estate firms. Investment characteristics of international real estate equities
• Abstracts: VAT fuels 'new for old' storm. A village with modern values. Problems over copyright

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.