... the six month notice period had started again from the date when the negotiations broke down. The promise was held to be binding. These principles were applied 70 years later by Lord Denning in Central London Property Trust Ltd v High Trees House Ltd (1947). The case involved a block of flats owned by the plaintiffs. In September 1939, the plaintiffs had leased the block to the defendants, who planned to rent out the individual flats, use to income to cover their payments on the lease, and make a profit on top. Unfortunately, their plans were spoiled by the fact that the Second World War had just broken out, and many people left London, making it difficult to find tenants. As a result, many of the flats were left empty. The plaintiffs therefore agreed that the tenants could pay just half could pay just half the ground rent stipulated in the ...

See this essay or coursework document in full right now