Variation on a lease
Brunt, D
Variation on a lease - 2002 - Estates Gazette 228 13 July 2002, 123 (1) .
Examines in the first of two articles the case for variation of forfeiture clauses in commercial leases. Looks at the types of lease which should be varied. Discusses when a landlord can forfeit the lease and the consequences of forfeiture; forfeiture proceedings by the landlord; the likelihood of forfeiture taking place without the mortgagee's knowledge. Key points are: a lender risks losing its security if it is unaware of forfeiture proceedings; tenant's mortgagee should be consider a variation of the forfeiture clause to protect its position.
COMMERCIAL LEASES
FORFEITURE CLAUSES
VARIATION
MORTGAGEES
FORFEITURE PROCEEDINGS
Variation on a lease - 2002 - Estates Gazette 228 13 July 2002, 123 (1) .
Examines in the first of two articles the case for variation of forfeiture clauses in commercial leases. Looks at the types of lease which should be varied. Discusses when a landlord can forfeit the lease and the consequences of forfeiture; forfeiture proceedings by the landlord; the likelihood of forfeiture taking place without the mortgagee's knowledge. Key points are: a lender risks losing its security if it is unaware of forfeiture proceedings; tenant's mortgagee should be consider a variation of the forfeiture clause to protect its position.
COMMERCIAL LEASES
FORFEITURE CLAUSES
VARIATION
MORTGAGEES
FORFEITURE PROCEEDINGS