A balancing exercise
Language: English Series: Estates Gazette ; (0748) 1 December 2007, 140-141(2)Publication details: 2007Subject(s): Summary: Considers the landlord's position when tenants go into administration. Changes to law have made it far easier to put companies into administration, resulting in a 1000% increase in cases since 2003. The landlord should not expect to recover full rent. Surrender of the property by the tenant may be blocked by the administrator. Surrender also fails to terminate subtenancies. Forfeiture relies upon its permissibility within the lease and may conflict with the administrator's plans. Courts are likely to grant forfeiture unless the lease is required to further the administration process. Outlines such conditions. Case law.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | L141611 (Browse shelf(Opens below)) | 1 | Available | 141611-1001 |
Considers the landlord's position when tenants go into administration. Changes to law have made it far easier to put companies into administration, resulting in a 1000% increase in cases since 2003. The landlord should not expect to recover full rent. Surrender of the property by the tenant may be blocked by the administrator. Surrender also fails to terminate subtenancies. Forfeiture relies upon its permissibility within the lease and may conflict with the administrator's plans. Courts are likely to grant forfeiture unless the lease is required to further the administration process. Outlines such conditions. Case law.