Contingency plans
Language: English Series: Estates Gazette ; (0801) 12 January 2008, 128-129(2)Publication details: 2008Subject(s): Summary: Reports on contingent liability in commercial property leases. Considers the difficulties which can arise from giving a group company guarantee. A guarantor company can find itself liable to pay the rent on a premises for many years. Even if it obtains a court order vesting that lease, this may take many months especially if the tenant is in administration. Suggests measures which can be taken to reduce the risks and limit the financial loss.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | L141961 (Browse shelf(Opens below)) | 1 | Available | 141961-1001 |
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Reports on contingent liability in commercial property leases. Considers the difficulties which can arise from giving a group company guarantee. A guarantor company can find itself liable to pay the rent on a premises for many years. Even if it obtains a court order vesting that lease, this may take many months especially if the tenant is in administration. Suggests measures which can be taken to reduce the risks and limit the financial loss.