Rent review and the presumption that time is not of the essence | Practical Law

Rent review and the presumption that time is not of the essence | Practical Law

McDonald's Property Co Ltd v HSBC Bank plc, 25 April, 2001.

Rent review and the presumption that time is not of the essence

Practical Law UK Legal Update 7-101-4700 (Approx. 3 pages)

Rent review and the presumption that time is not of the essence

by NATING GROUP
Law stated as at 27 Apr 2001England, Wales
McDonald's Property Co Ltd v HSBC Bank plc, 25 April, 2001.
The speeches in the House of Lords case of United Scientific Holding Ltd v Burnley Borough Council) [1978] AC 904 were strictly obiter on the presumption against time being of the essence in relation to the service of a rent review notice, but the High Court held that they were nevertheless authoritative on that point.
The principle that there is a rebuttable presumption that time is not of the essence, is a general principle that applies to all rent review clauses.