{"id":9463,"date":"2015-07-28T15:07:20","date_gmt":"2015-07-28T13:07:20","guid":{"rendered":"https:\/\/stbb.co.za\/dev2\/?p=9463"},"modified":"2020-03-20T15:11:11","modified_gmt":"2020-03-20T13:11:11","slug":"property-law-update-issue-25-2015","status":"publish","type":"post","link":"https:\/\/stbb.co.za\/dev2\/property-law-update-issue-25-2015\/","title":{"rendered":"Property Law Update | Issue 25 &#8211; 2015"},"content":{"rendered":"<h2>Half truths render tenant liable for landlord damages<\/h2>\n<h3>Superstrike Investments 53 (Pty) Ltd v Siyakha Management Services (Pty) Ltd and Others (2006\/2035) [2015] ZAGPJHC 78 (29 April 2015)<\/h3>\n<p>During lease agreement negotiations, the prospective anchor tenant intimated that it was a Fruit &amp; Veg City franchisee and instructed the landlord to erect premises to Fruit &amp; Veg&#8217;s specifications. When the franchise director of Fruit &amp; Veg objected to the location of the intended store, it transpired for the first time that this consent was a prerequisite for the tenant contracting. In the ensuing litigation, the court was asked to determine whether there was a fraudulent misrepresentation rendering the tenant liable for damages suffered as a result of the cancellation of the lease agreement. The outcome illustrates the risks of not playing open cards.<\/p>\n<p><strong>read more<\/strong><br \/>\n<a href=\"http:\/\/www.saflii.org\/za\/cases\/ZAGPJHC\/2015\/78.html\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"color: #e66a21;\">The Judgment<\/span><\/a><br \/>\n<a href=\"https:\/\/stbb.co.za\/dev2\/wp-content\/uploads\/stbb_plu25-2015_s1.pdf\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"color: #e66a21;\">Summary of the Judgment<\/span><\/a><\/p>\n<h2>Business rescue potential even after final liquidation order<\/h2>\n<h3>Richter v Absa Bank Limited (20181\/2014) [2015] ZASCA 100 (01 June 2015)<\/h3>\n<p>At first glance it may seem odd that business rescue can be initiated even after a final liquidation order has been issued for a company. The court here however clarified that the liquidation <em>process<\/em> is only finalised once the entity is deregistered. As such, the Companies Act allows for a business rescue application to be brought at any time before finalisation of the liquidation <em>process<\/em>. A potential lifeline for struggling entities running out of time to secure an upturn, although real concerns exist for the administration of liquidations as a result.<\/p>\n<p><strong>read more<\/strong><br \/>\n<a href=\"http:\/\/www.saflii.org\/za\/cases\/ZASCA\/2015\/100.html\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"color: #e66a21;\">The Judgment<\/span><\/a><br \/>\n<a href=\"https:\/\/stbb.co.za\/dev2\/wp-content\/uploads\/stbb_plu25-2015_s2.pdf\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"color: #e66a21;\">Summary of the Judgment<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Half truths render tenant liable for landlord damages Superstrike Investments 53 (Pty) Ltd v Siyakha Management Services (Pty) Ltd and Others (2006\/2035) [2015] ZAGPJHC 78 (29 April 2015) During lease agreement negotiations, the prospective anchor tenant intimated that it was<\/p>\n","protected":false},"author":36,"featured_media":3167,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_exactmetrics_skip_tracking":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[109],"tags":[],"class_list":["post-9463","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-law-update"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Property Law Update | Issue 25 - 2015 - STBB<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/stbb.co.za\/dev2\/property-law-update-issue-25-2015\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Maryna Botha\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/property-law-update-issue-25-2015\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/property-law-update-issue-25-2015\\\/\"},\"author\":{\"name\":\"Maryna Botha\",\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/#\\\/schema\\\/person\\\/623606b2022560795816523a4fd0bfec\"},\"headline\":\"Property Law Update | Issue 25 &#8211; 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