Variation on a lease
Series: Estates Gazette ; 228 13 July 2002, 123 (1)Publication details: 2002Subject(s): Summary: 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.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS65747 (Browse shelf(Opens below)) | 1 | Available | 119221-1001 |
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.