The Importance of a Calderbank Offer
First of all, what is a Calderbank offer? It is effectively an offer to settle a dispute commonly used in property-related matters. t is written ‘without prejudice save as to costs’ meaning it cannot be used as evidence in the dispute except for determining the liability of costs.
Beware of any ‘funnies’ in a lease - it is definitely no laughing matter
During rent review negotiations, the rent review clause within the lease will dictate what the parties are to assume ‘hypothetically’ at that particular date. There will usually be common assumptions (vacant possession for example) and common disregards (tenants occupation for example).
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