127 Hobson Street Ltd v Honey Bees Preschool Ltd - [2019] 2 NZLR 790

Contract — Penalty clause — Lease and collateral deed providing for installation of lift within two years seven months — Whether indemnity clause in collateral deed lawful and enforceable — What was parties’ intention — Whether clause imposed detriment on landlord out of all proportion to legitimate interest of tenant — Whether predominant purpose of clause was to punish promisor.