We are back again with another bonus newsflash episode, which follows a key judgement handed down by the Court of Appeal on 14th May 2021 - TFS Stores Ltd v The Designer Retail Outlet Centres (Mansfield) Ltd.
In this episode, Richard speaks on leasing and the 1954 Landlord and Tenant Act in relation to the recent TFS Stores v Designer Retail Outlet Centres case. TFS Stores (the tenant) argued that Designer Retail Outlet Centres (the Landlord) did not validly contract out their leases based on the 1954 Landlord & Tenant Act. This is because the commencement date of the lease was not accurately recorded on any of the leases, but rather using terms such as “a date to be agreed”. However, the Court of Appeal ruled that that was sufficient, allowing Landlords a sigh of relief due to potential implications being the opening of floodgates to tenants claiming security of tenure at the end of their leases.
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