The online resource for UK Property Law

Penalty clauses

Side letter to lease Termination right a penalty Vivienne Westwood Ltd v Conduit Street Development Ltd [2017] EWHC 350 (Ch) Summary The termination provisions in a rent concession side letter to a lease were penal in nature. The purported termination provisions were therefore unenforceable and the rent remained payable at the reduced rate. Facts T took a lease of premises for a term of 15 years, at an initial rent of 110,000 reviewable in 2014 and 2019. At the time…

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