Stassen N.O and Others v Chemaly N.O and Others (5526/222)
Stassen N.O and Others v Chemaly N.O and Others (5526/222) [2023] ZAFSHC 383 (6 October 2023)
The court found that the Applicant Trust did not strictly comply with the cancellation procedure prescribed by the Sub-Lease and the undertaking FA10. The Applicant Trust had routinely afforded the Respondent Trust extended periods to remedy breaches, creating a pattern of indulgence and representations inconsistent with strict enforcement. FA10 constituted a stipulatio alteri in favour of FirstRand Bank, binding the Applicant Trust to provide an additional 20 days' notice after the initial period before cancellation. The cancellation effected by the Applicant Trust was premature, as the Resp…
Source excerpt
- Lease Cancellation
- Stipulatio Alteri
- Public Policy In Contract
- Non Variation Clause
- Mortgage Bond Rights
- Deeds Registries Act