Practical solutions
Series: Estates Gazette ; 229 20 July 2002, 144 (1)Publication details: 2002Subject(s): Summary: Discusses in the second of two articles the practical issues involved in varying forfeiture clauses. Looks at landlords' attitudes to variation which is in essence benefical to the tenant's mortgagee but not to the landlord. Considers what advice solicitors should be giving. Provides a model variation. Key points are: landlords accepting a variation must notify the tenant's lender of proposed proceedings or be sued for breach; solicitors should advise in full awareness of all factors involved; can solicitors be held negligent if they fail to advise lenders on all pros and cons of variation?.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS65748 (Browse shelf(Opens below)) | 1 | Available | 119224-1001 |
Discusses in the second of two articles the practical issues involved in varying forfeiture clauses. Looks at landlords' attitudes to variation which is in essence benefical to the tenant's mortgagee but not to the landlord. Considers what advice solicitors should be giving. Provides a model variation. Key points are: landlords accepting a variation must notify the tenant's lender of proposed proceedings or be sued for breach; solicitors should advise in full awareness of all factors involved; can solicitors be held negligent if they fail to advise lenders on all pros and cons of variation?.