Lease – Agreement for Lease – Failure to Complete – Remedies Available – Partial Specific Performance – Unpaid Vendor’s Lien – Agreement to Surrender a Business Lease

George Wimpey Manchester Limited v Valley & Vale Properties Limited (In Administration) [2011] EWHC 1833 (Ch) (HHJ Purle QC – Sitting as a Judge of the High Court)(3 June 2011)

This case raises issues from an agreement for lease, from the lease duly granted and an agreement to surrender the lease and a release from continuing obligations imposed by the agreement for lease. Further complexity arose when unbeknown to the vendor the purchaser went into administration and the vendor subsequently obtained a judgment in its favour.