Cases - Broadgate Square plc v Lehman Brothers Ltd
Record details
- Name
- Broadgate Square plc v Lehman Brothers Ltd
- Date
- (1995)
- Citation
- 01 EG 111, CA
- Legislation
- Keywords
- Commercial property – landlord and tenant – rent review – lease providing for rent review to “the best yearly rent …. payable after the expiry of a rent-free period of such length as would be negotiated in the open market” – whether the terms of the lease required the rent review to be fixed at the levels of rent achieved at the review date on comparable lettings
- Summary
-
A rent review to 'the best yearly rent ... payable after the expiry of a rent-free period of such length as would be negotiated in the open market ...' required the rent to be fixed at the level of rents achieved at the review date on comparable lettings including those where headline rents had been agreed by tenants in return for very long rent-free periods.