Renewal & Relocation Flashcards
1
Q
What is an express renewal?
A
A right that is included in the original lease contract by way of an option agreement, and must be complied with in terms of any requirements the option stipulates or during the currency of the original lease.
2
Q
What are the cases for an express renewal?
A
- Boerne v Harris
- Beadica
3
Q
What are implied leases entered into after the termination an earlier lease?
A
Leases that have come to an end but the parties reinstate or carry on their lease relationship.
4
Q
What is a tacit relocation?
A
A new agreement which either incorporates the terms of the former lease by implication or is a completely new lease on different terms especially pertaining to duration.
5
Q
Which case is relevant to tacit relocation?
A
Nedcor Bank v Withinshaw Properties.
