27 Feb 2014
CAZNA AVENUE NOMINEES LTD v THE UNIVERSITY OF AUCKLAND [2014] NZHC 303
- Citation
- [2014] NZHC 303
- Court
- High Court
Clause 15 of the sale agreement, read as a whole, effected an absolute assignment of the landlord's rights to require reinstatement upon the sale becoming unconditional; written notice of assignment was given to the University on 15 November 2006; Cazna validly required reinstatement by solicitor's letter of 27 November 2006 and Rider Hunt report; no term requiring 'reasonable' advance notice should be implied into the lease; the required works fell within the lease reinstatement obligations; the appropriate measure of damages is the cost of reinstatement; quantum fixed at $333,379; interest…