Cases - Prudential Nominees Ltd v Greenham Trading Ltd

Record details

Name

Prudential Nominees Ltd v Greenham Trading Ltd

Date

[1995]

Citation

1 EGLR 97 or 01 EG 111, CA

Keywords

Commercial properties – rent review – lease provided for review to be based on 'best rent' at which the premises might be let with no reduction for a rent free period – whether the lease prevented a reduction to allow for a rent free period – whether the lease permitted an increase in the rent to compensate for the fact that there had been no rent free period

Summary

The rent was to be reviewed to 'the best rent at which .. the premises might .. be let .. upon the assumption that .. no reduction or allowance is to be made on account of any rent free period or other rent concession which in a new letting might be granted to an incoming tenant ...'. This prevented a reduction to allow for a rent free period but did not allow an increase to compensate for the fact that no rent free period was being given.