Court saves tenant from ‘thoroughly inept’ drafting in option agreement (Helix v Dunedin)

Table of contents

• Original news
• What are the practical implications of this case?
• What were the facts of the case?
• What was the issue involved?
• What is the law in this area?
• What were the parties' arguments?
• Definition of Purchase Price
• Meaning of deposit
• What did the High Court decide?
• To what extent is the judgment helpful?

More sections of this document available when you sign-in to Lexis+ or register for a free trial.

Article summary

Property analysis: The High Court decided that something had gone wrong with the drafting of an option agreement, interpreting it in the tenant’s favour on the basis that it was otherwise very unlikely that the tenant would be able to exercise the option and that that could not have been what the parties intended.