News

Validity of a Non-Compliant Break Notice - Good News for Landlords

Validity of a Non-Compliant Break Notice - Good News for Landlords

Summary

In the recent case Friends Life Limited and Siemens Hearing Instruments Limited [2014] the Court of Appeal has held that the requirements for the exercise of a break clause in a lease must be complied with to the letter. If they are not, the purported exercise will be invalid: substantial compliance is not enough and even the most trivial non-compliance will mean that it is ineffective.


Do your Dilapidations duty

Do your Dilapidations duty

Sir, I read with interest the question posed by Adam Myeroff regarding lease breaks and, indeed, the response provided along with the various other comments on the LinkedIn debate (feedback, 21.03.14. below)

While recent case law suggests tenants can easily slip up on the payment of rents and associated interest, align with the granting of vacant possession, perhaps the most important element in a material compliance claim is the obligation to repair, redecorate and yield-up – in other words, the dilapidations obligations.


Landlords win Game case

Landlords win Game case

A group of the country’s biggest landlords have won a ground breaking test case to overturn the law on payment of rent during administrations.

British Land, Intu, Hammerson and Land Securities have set a legal precedent that will enable them to recover around £3m of unpaid rent suffered from the collapse of retailer Game.

From now on, rent will be due on a pay-as-you-go basis in the same way utilities are, dependent on the circumstances of each administration.


The RICS has just released a “guide to dilapidations”

The RICS has just released a “guide to dilapidations”

Download your copy of the RICS dilapidations on the link below – download your copy here


Dilapidations: Repair of Rooflights and Meaning of Windows - Twinmar Holdings Ltd v Klarius UK Ltd [2013] EWHC 944 (TCC)

Dilapidations: Repair of Rooflights and Meaning of Windows

Summary

This terminal dilapidations claim provides some useful guidance regarding rooflights and windows.

The Court found that rooflights which had lost translucency were not in good and substantial repair and condition as required by a lease. The Court also considered whether the rooflights were actually windows, and provided some guidelines on identifying windows.


Charge less for dilaps works

Charge less for dilaps works

Letters page of Property Week  - 14th October 2013   

Sir, Having attended the annual RICS Dilapidations Forum Conference last month, there is a great interest in the impact of the Dilapidations Protocol and whether the requirement to set out the landlord’s likely loss on the quantified demand has assisted the process in terms of producing claims that truly reflect this loss.


The new RICS Dilapidations price book is now available

The new RICS Dilapidations price book is now available

This book is essential for anyone providing early cost advice to landlords or tenants on costs of complying with Schedules of Dilapidations.

The new edition is essential for anyone providing early cost advice to landlords or tenants on costs of complying with Schedules of Dilapidations.

Compiled using the latest, independent price data, it gives you all the supply and install costs you need to make accurate estimates, saving you valuable time at the initial estimating stage for the work required on a schedule of dilapidations.


Disputes on dilapidations claims that reach court are at the mercy of stringent interpretation of the Law

Tenant's don't always win but nor do landlords

There have been some surprising decisions made by the Courts this year which have set precedents for interpreting The Landlord and Tenant Act. In the recent case of Hammersmatch V Gobain and others (see our other article below), the Court reduced the landlords claim for £6.8m down to £900,000 plus £20,000 costs and interest. Gobain’s experts were able to argue that the claim should be limited by diminution as per section 18(1) of the Landlord and Tenant Act 1927 and the court agreed.


Tenant's don't always win but nor do landlords

Tenant's don't always win but nor do landlords

The recent High Court Case of Hammersmatch Properties v Saint-Gobain Ceramics (2013) concerned a claim on a 1930s industrial building in Welwyn Garden City.  The tenant had been in occupation for 25 years commencing in 1984 and the cost of the works which was agreed between the parties was £2.2m.


Sunlife V Tiger - Tenant be aware of your obligations

Sunlife V Tiger - Tenant be aware of your obligations

The Case: Sunlife were the owners of a building in Central London built to a high standard in 1973.  The premises were let under leases expiring in 2008 which were acquired by Tiger in 2000.  Tiger carried out a limited refurbishment but the premises were in a poor state of repair and these issues were not dealt with by Tiger.  In March 2009, after the leases had expired, Tiger was presented with a Terminal Schedule of Dilapidations claim in excess of £2.5m.