K/S Victoria Street v House of Fraser (Stores Management) Ltd

Subject Matter

LANDLORD AND TENANT — Covenant — Assignment of lease — Agreement for sale and leaseback of commercial premises — Clause stipulating lease to be assigned to specific assignee with guarantor of tenant’s liability guaranteeing liability of assignee — Whether clause amounting to renewal obligation on tenant’s guarantor in breach of statutory provision — Whether invalid — Whether assignee of tenancy able immediately to assign tenancy back to original tenant — Landlord and Tenant (Covenants) Act 1995, s 25(1)

[2012] Ch 497; [2012] 2 WLR 470

Appellate History

K/S Victoria Street v House of Fraser (Stores Management) Ltd [2010] EWHC 3006 (Ch)

Decision of John Randall QC sitting as a deputy judge of the Chancery Division affirmed

K/S Victoria Street v House of Fraser (Stores Management) Ltd [2011] EWCA Civ 904; [2012] Ch 497; [2012] 2 WLR 470; [2011] WLR (D) 265, CA

K/S Victoria Street v House of Fraser (Stores Management) Ltd [2010] EWCH 3344 (Ch)

Decision of Mann J affirmed

K/S Victoria Street v House of Fraser (Stores Management) Ltd [2011] EWCA Civ 904; [2012] Ch 497; [2012] 2 WLR 470; [2011] WLR (D) 265, CA

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