Set aside tenancy
Set aside tenancy
- 1994
- Times 30 May 1994, 30(1) .
In "Agricultural Mortgage Corporation plc v Woodward and another" CA 19 May 1994, it was held that a tenancy agreement created by an insolvent farmer for his wife ensuring that a creditor did not get vacant possession of his property, was a transaction within Insolvency Act 1986 s423, if the benefits gained from the agreement itself were significant. She would not need to pay for these benefits. Accordingly, the tenancy agreement could be set aside.
AGRICULTURAL MORTGAGE CORPORATION
PROPERTY-LANDLORD AND TENANT-TENANCIES-AGRICULTURAL TENANCIES
INSOLVENCY ACT 1986
In "Agricultural Mortgage Corporation plc v Woodward and another" CA 19 May 1994, it was held that a tenancy agreement created by an insolvent farmer for his wife ensuring that a creditor did not get vacant possession of his property, was a transaction within Insolvency Act 1986 s423, if the benefits gained from the agreement itself were significant. She would not need to pay for these benefits. Accordingly, the tenancy agreement could be set aside.
AGRICULTURAL MORTGAGE CORPORATION
PROPERTY-LANDLORD AND TENANT-TENANCIES-AGRICULTURAL TENANCIES
INSOLVENCY ACT 1986