In relation to leases granted before 1 January 19961, the relationship of lessor and lessee is not affected by a mortgage, so that the lessee remains liable to perform the covenants whether or not a mortgagee takes possession2.
In relation to tenancies granted on or after 1 January 1996, where any landlord covenant3 of a tenancy is enforceable against the reversioner in respect of any premises demised by the tenancy, it is also enforceable against either any person (other than the reversioner) who, as the holder of the immediate reversion in those premises, is for the time being entitled to
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Dividends involve a distribution of cash or a distribution of non-cash assets (known as a distribution in kind or a distribution in specie).A scrip dividend (in a tax context, sometimes referred to as a stock dividend) allows a shareholder to receive new shares in a company as an alternative to a
ContractWhere a contract is made by two or more parties it may contain a promise or obligation made by two or more of those parties. Any such promise may be:•joint•several, or•joint and severalWhether an undertaking is joint, several, or joint and several in contract is a question of construction
This Practice Note identifies the main torts (bar negligence and nuisance, which are covered elsewhere in our related content) and their key characteristics. Specifically:•trespass to land•trespass to the person•privacy/defamation•liability for animals•employers' liability•product
This practice note provides an introduction to tort law by addressing three questions:•what does the concept of being liable in tort mean? And how does tort relate to contract and criminal law•how has the law of tort developed?•what is the scope of tort, ie what interests does it protect? What
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