Fair Investments Ltd v Mahoe Buildings Ltd - [1992] 3 NZLR 734

Property law — Lease — Lapse of right of renewal — Negotiation of new rental — Lessee remaining in possession and paying increased rent — Whether lease renewed for further term — Whether contract to take a lease partly performed.

Contract — Guarantee — Director of lessee covenantor as surety for performance of lessee's obligations under lease — Lapse of right of renewal — Lessee entered into new lease or renewal of previous lease — New arrangement not in pursuance of provisions of original lease — Whether covenantor remained bound.