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Don't let sleeping tenants lie dormant and dissolved tenants

By: Language: English Series: Lovells Real Estate Quarterly ; Autumn 2009, 11-12(2)Publication details: 2009Subject(s): Summary: Landlords undertaking an audit of their corporate tenants may find that a surprising number are dormant (not trading) or have been dissolved (ceased to exist) even though rents continue to be paid. Defines dormant and dissolved in company law terms and outlines the implications for landlords of having these kinds of tenants. Landlords can easily analyse the status of their company tenants by searching the Companies House online database (www.companieshouse.gov.uk).

Landlords undertaking an audit of their corporate tenants may find that a surprising number are dormant (not trading) or have been dissolved (ceased to exist) even though rents continue to be paid. Defines dormant and dissolved in company law terms and outlines the implications for landlords of having these kinds of tenants. Landlords can easily analyse the status of their company tenants by searching the Companies House online database (www.companieshouse.gov.uk).