Another bonus newsflash episode delving deeper into recent case law. This time, Richard discusses when a tenant can successfully exercise a break clause in reference to the recent Court of Appeal ruling on Capitol Park Leeds Plc v Global Radio Services. The implications of the case are that to give up ‘vacant possession’ does not relate to the physical condition of the property – meaning that whilst Global Radio left the premises a ‘vacant shell’, impeding Capitol’s use, they could still exercise the break clause. The landlord’s rights thus extend to being able to sue in damages, however, this does not impede the tenant’s ability to exercise the break clause.
ABOUT DJB:
DJB is a national law firm that specialises entirely in real estate. The firm has offices in London, Manchester, and Birmingham ensuring truly national coverage. The firm is renowned for its high quality legal work and service.
We only recruit experienced lawyers with excellent calibre. As a result, our legal team of around 50 lawyers have an average post-qualification experience that exceeds 20 years. Most have joined us from other City firms, in-house departments and/or senior roles. Our lawyers have advised some of the UK’s most significant land owners including Barclays Bank, HSBC, Credit Suisse, Rolls Royce, The Royal Parks, The Cabinet Office and The Crown Estate. This focus on quality only has led to a 50% male and female Partner rate.
All of our clients are provided with a dedicated client care professional at no extra charge, which ensures that they receive the highest standard of service at all times.
DJB is regularly selected to advise on high profile projects such as the hosting of the London 2012 Olympic Games by The Royal Parks and the first Sukuk Bond to be entered into by a Western Government on behalf of HM Treasury. Based in London at The Shard and also Manchester, Birmingham and Taunton, DJB has a national presence.
The firm enjoys top tier rankings in all of the main directories, as well as receiving many awards.