000			01452cam a22002295a 4500
001			L149896
008			100512s2010 xxk 000 0 eng d
035			_a(Sirsi) u149896
041	0		_aeng
100	1		_aCheffings, Nicholas
245	0	0	_aVirtual assignments come of age
260			_c2010
490			_aLovells Real Estate Quarterly _vSpring 2010, 3-4(2)
520			_aVirtual Assignments (VAs) are transfers of the economic burdens and benefits of a lease without any actual assignment of the underlying leasehold interest or any change in the occupancy of the premises. Generally landlords have accepted this new concept but it has recently been challenged in Clarence House Ltd v National Westminster Bank PLC, [2009] EWCA Civ 1311, CA (see E149610). The Court of Appeal held that the VA did not amount to a breach of covenants in the bank's lease and did not alter the underlying relationship between landlord and tenant. VAs will continue to serve the industry,helping tenants without damaging the interests of landlords.
590			_aKA
650	2	4	_aCLARENCE HOUSE LTD V NATIONAL WESTMINSTER BANK PLC
650	2	4	_aABBEY NATIONAL PLC V CUSTOMS AND EXCISE COMMISSIONERS
650	2	4	_aLAW OF DISTRESS AMENDMENT ACT 1908 S6
651		4	_aEngland and Wales _y1543-
690			_aPROPERTY-COMMERCIAL PROPERTY-LEASEHOLD COMMERCIAL PROPERTY-COMMERCIAL LANDLORD AND TENANT-COMMERCIAL LEASES-ASSIGNMENT OF COMMERCIAL LEASES
942			_n0
999			_c82314 _d82314