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Kodak Processing Companies Ltd v Shoredale Ltd

 


The background circumstances

. The pursuers and respondents are tenants under a lease, dated 23 October 1970 and 4August 1971. By missives of let between the respondents and the appellants, the respondents sub-let the subjects to the appellants. The annual rent was £60,000, exclusive of value added tax, if any, properly chargeable thereon, payable quarterly in advance on the rent payment dates specified in the lease. Those dates were 25 March, 24 June, 29 September and 25 December. The lease provided for a rent-free period, which came to an end on 1 August 2007.

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