The continuing uncertain economic outlook means that the prospect of tenant insolvency remains a very real concern for landlords in today’s commercial property market. If a tenant becomes insolvent, the landlord’s ability to recover rents and rates, to bring the lease to an end and even to recover arrears from sureties or former tenants may be severely curtailed.
This first of two sessions on insolvency & leases will examine the restrictions imposed on the landlord’s remedies where the tenant company enters into administration, and focuses, in particular, on the practical steps open to a landlord:
- ‘pre-pack’ sales, 3rd party occupation & unauthorised assignments; do the SIP 16 changes offer any help for landlords?
- Will the administrator pay the rent? The impact of Game Group
- Unintended consequences: dangers for renewal proceedings under the 1954 Act
- Forfeiture: the insolvency hurdles for landlords & help from SSRL Realisations
- 1 hours
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