Commercial Leases
Increase in demise – surrender and re-grant – rent reviews – construction of a memorandum
The case also sets out a very helpful and comprehensive summary of the modern authorities on the law of the construction of instruments.
Background
The claimant tenants (T) were farmers. In May 1987 they took an annual tenancy of the original holding from 29 September 1983
at a rent of £12,690 from the defendant landlord (L).