Lessen the danger
Fox-Edwards, Jane
Lessen the danger - 2006 - Estates Gazette (0613) 1 April 2006, 132-134(3) .
Discusses how landlords can prevent the intentional dilution of tenant covenants which can lead to empty premises and suggests a range of remedies if it does occur. Covers intentional dilution of tenant covenant strength through either one or more assignments of the lease to companies of lesser financial strength or through asset-stripping of the existing tenant company by lawful or unlawful means. Provides an overview of attackable transactions and the steps that should be taken in each of the options. Lists the considerations that landlords thinking of funding a liquidator should take on board.
LANDLORD AND TENANT (COVENANTS) ACT 1995
Lessen the danger - 2006 - Estates Gazette (0613) 1 April 2006, 132-134(3) .
Discusses how landlords can prevent the intentional dilution of tenant covenants which can lead to empty premises and suggests a range of remedies if it does occur. Covers intentional dilution of tenant covenant strength through either one or more assignments of the lease to companies of lesser financial strength or through asset-stripping of the existing tenant company by lawful or unlawful means. Provides an overview of attackable transactions and the steps that should be taken in each of the options. Lists the considerations that landlords thinking of funding a liquidator should take on board.
LANDLORD AND TENANT (COVENANTS) ACT 1995