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Topland Portfolio No 1 Ltd -v- Smiths News Trading Ltd

Topland Portfolio No 1 Ltd -v- Smiths News Trading Ltd

Postby dls » Mon Jun 02, 2014 7:13 am

Topland Portfolio No 1 Ltd -v- Smiths News Trading Ltd - CA - 21-Jan-2014 - Hallett, Sullivan LJJ, Arnold J (Bailii, [2014] EWCA Civ 18) - Contract - Landlord and Tenant
The claimant landlord sought to recover arrears of its tenant's rent after the tenant's insolvency from the defendant under the defendant's guarantee of the rent. The defendant had argued successfully at first instance that the guarantee had been avoided after the grant of a licence to alter the property.
Held: The appeal failed. The Licence had the clear potential to increase the obligations on the Lessee, and hence on the Surety in the event of the Lessee's default. Nor had there been forbearance by the landlord

Cases Cited:
Holme-v- Brunskill CA 1877 ((1877) 3 QBD 495)
Selous Street Properties -v- Oronel ChD 1984 ([1984] 1 EGLR 50)
Ankar Pty Ltd -v- National Westminster Finance (Australia) Ltd 1987 ((1987) 162 CLR 54)
Unicomp Inc -v- Eurodis Electron Plc ChD 7-5-2004 (Bailii, [2004] EWHC 979 (Ch))
Howard de Walden Estates Ltd -v- Pasta Place Ltd ChD 1995 ([1995] 1 EGLR 79)
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