Sudbrook Trading Estate v Eggleton [1983] AC AC 444 House of Lords

A lease gave the tenant an option to purchase the freehold of the property at a price to be agreed by two surveyors one appointed by the tenant and one appointed by the landlord. The tenant sought to exercise the option but the landlord refused to appoint a surveyor. The landlord claimed that the clause was too vague to be enforceable as it did not specify a price.

Held:

The clause was not too vague to be enforceable as it put in place a mechanism to ascertain the price. 

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