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Property disputes weekly: key cases on options, enfranchisement costs, service charges, security/insolvency and rent repayment; UT practice directions; Scottish servitude prescription (England & Wales and Scotland) — 11 January 2024

Published on: 11 January 2024

Published by a LexisNexis Property Disputes expert
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In this issue:

  • Contractual issues
  • Enfranchisement and right to manage
  • Disputes and remedies
  • Service charges
  • Enforcing security and property insolvency
  • Residential tenancies
  • Property disputes in Scotland
  • LexTalk®Property Disputes: a Lexis®Nexis community
  • Additional Property disputes updates
  • Daily and weekly news alerts
  • Dates for your diary
  • Latest Q&A

Contractual issues

Valid exercise of three options and specific performance of resulting sale contracts (IAA Vehicle Services Ltd v HBC Ltd)

In IAA Vehicle Services Ltd v HBC Ltd [2024] All ER (D) 15 (Jan); [2024] EWHC 1 (Ch), the Chancery Division granted the claimant’s request for a declaration that three options had been effectively exercised and were binding on the defendant, and ordered specific performance of the ensuing sale contracts. The court determined, among other matters, that the unambiguous wording of Schedule 6 to the lease agreements, read with standard condition 2.2.1, required each deposit to be paid no later than the date of exercise of the relevant option—accordingly, by midnight on 7 June 2023. There was no necessity, nor any room, to imply a legal obligation to tender the deposits within a reasonable time...

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Date [ date ] Parties [ name of Landlord ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Landlord) [ name of Tenant ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Tenant) [ [ name of Guarantor ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Guarantor) ] [ [ name of Mortgagee ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Mortgagee) ] Definitions Within this Deed, the terms below shall be interpreted as follows: [ Annual Rent • the annual sum reserved under the Lease; ] [ Insurance Rent • the Tenant’s share of the Landlord’s costs of insuring the Property (as set out in the Lease); ] Lease • the lease of the Property dated [ date ], entered into between (1) [ the Landlord OR [ name ...

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