Going for broke
Briggs, L
Going for broke - 2002 - Solicitors' Journal 145(47) 14 December 2001, 1164(1) .
Discusses the implications of immediate landlord insolvency, where the landlord is also a tenant. Should this landlord become insolvent, it could be grounds for their landlord to forfeit the intermediate lease. Subtenants can ask a court to grant a new lease to replace the one destroyed by the forfeiture, called seeking relief, but the court has discretion over whether to grant a lease or how long the lease will be and will consider each case on its individual merits. Describes the steps a firm can take to protect itself before taking sub-let space. Should a court not grant a lease, a subtenant could seek restitution, a new area of law, from the superior landlord.
SUBTENANTS
SUBLEASES
FORFEITURE OF LEASE
RESTITUTION
RELIEF FROM FORFEITURE
Going for broke - 2002 - Solicitors' Journal 145(47) 14 December 2001, 1164(1) .
Discusses the implications of immediate landlord insolvency, where the landlord is also a tenant. Should this landlord become insolvent, it could be grounds for their landlord to forfeit the intermediate lease. Subtenants can ask a court to grant a new lease to replace the one destroyed by the forfeiture, called seeking relief, but the court has discretion over whether to grant a lease or how long the lease will be and will consider each case on its individual merits. Describes the steps a firm can take to protect itself before taking sub-let space. Should a court not grant a lease, a subtenant could seek restitution, a new area of law, from the superior landlord.
SUBTENANTS
SUBLEASES
FORFEITURE OF LEASE
RESTITUTION
RELIEF FROM FORFEITURE