Commercial landlord and building insurance
In the case of Monopro Limited v Central Hall Developments Limited, a landlord who failed in that duty received a stiff fine for breaching a High Court order.
The corporate landlord of a large Victorian civic building had covenanted with its tenants that it would arrange comprehensive building insurance. As expiry of the policy then in place approached, however, the insurer had required a large number of safety improvements to be made to the premises before it would be renewed.
The landlord failed to arrange fresh insurance and, after the policy came to an end, the tenant of part of the premises had no choice but to arrange alternative cover at its own expense. The tenant launched proceedings and the landlord gave a formal undertaking to the Court that it would meet its obligations under the lease and ensure that the required insurance cover was in place by a particular date.
That deadline was missed by more than two months, and the tenant issued contempt proceedings. The landlord agreed cover with insurers shortly before the hearing of the case and apologised after admitting that it had breached the undertakings.
After the Court inquired into the extent of their resources, the landlord and its sole director were each fined £3,750. The director was warned that, in default of payment, he would serve six weeks’ imprisonment.
 Related articles on Designing Buildings Wiki
Featured articles and news
High quality and high density homes - is it what we need or is it storing up trouble?
Government announces its intention to strengthen planning rules to protect music venues and neighbours.
National Audit Office reports that there is little evidence that PFI offers better value than other forms of contracting.
What is liquidation and how does it apply to contractors in the construction industry?
Scrutiny is placed on Carillion's controversial 2013 decision to extend subcontractor payment terms to 120 days.
RSHP unveil their involvement in a boundary crossing which will provide a new entry point into Hong Kong.
With PFI currently under the spotlight due to Carillion, this introductory article explains what they are.
Estimates suggest that up to 30,000 small firms could be at risk of non-payment as a result of Carillion's collapse.
Sir Oliver Letwin to lead an independent review into the delays in the delivery of housing.
As Carillion collapses, read our article explaining insolvency in the construction industry.
43,000 jobs at risk as Carillion declares insolvency.