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BREAK CLAUSES: The letter of the law

BREAK CLAUSES: The letter of the law

The Supreme Court in Marks & Spencer plc v BNP Paribas Securities Services Trust Company (Jersey) Ltd [2015] has confirmed the position that rent payable in advance is not apportionable in time, and has also brought some much-needed clarity to the legal test for implied terms.

Darrell Chiheb reviews a case clarifying the position on break clauses, for the Property Law Journal online.