Over-rented ruling
Over-rented ruling
- 1996
- Property Week 54(1) 4 January 1996, 9(1) .
A landmark ruling allowing a tenant going into voluntary liquidation to make a single cash payment based on a market rent when pulling out of a lease.
BUSINESS TENANCIES
INSOLVENCY ACT 1986 S178
MARKET RENT
OVER-RENTED PROPERTY
PARK AIR SERVICES
ROLLING BREAK CLAUSE
SINGLE CASH PAYMENTS
VOLUNTARY LIQUIDATION
A landmark ruling allowing a tenant going into voluntary liquidation to make a single cash payment based on a market rent when pulling out of a lease.
BUSINESS TENANCIES
INSOLVENCY ACT 1986 S178
MARKET RENT
OVER-RENTED PROPERTY
PARK AIR SERVICES
ROLLING BREAK CLAUSE
SINGLE CASH PAYMENTS
VOLUNTARY LIQUIDATION