25 Aug 2016
BRIAN GREEN PROPERTIES (1971) LIMITED v BINDON HOLDINGS LIMITED [2016] NZHC 1993
- Citation
- (2016) 17 NZCPR 637
- Court
- High Court
The lease executed 27 April 2009 created a new lease commencing 1 October 2008; clause 11 of the lease excluded the operation of s 223 PLA so the lessee's repair covenant is governed by the express covenant and ordinary principles of construction; many defects identified fall within the lessee's repair obligations; Bindon's s 246 notices were valid; nevertheless, because BGPL is solvent, continued payment of rent and there is no irreparable loss to Bindon, the Court exercised its discretion under s 253 PLA to grant relief against cancellation on conditions: BGPL must remedy the covenant withi…