Souglides v Tweedie and another – WLR Daily

Posted March 14th, 2012 in landlord & tenant, law reports, leases, perpetuities by sally

Souglides v Tweedie and another [2012] EWHC 561 (Ch); [2012] WLR (D) 74

“An interest carved out of a superior leasehold or freehold interest could constitute ‘an interest reversionary (whether directly or indirectly)’ on the term of a lease for the purpose of section 9(1) of the Perpetuities and Accumulations Act 1964. Accordingly, an option for a lease extension fell within section 9(1) and so was exempt from the rule against perpetuities.”

WLR Daily, 12th March 2012