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Keeping It Real Estate News and Trends in UK Real Estate, Disputes and Planning Law

Tag Archives: insolvency

Posted in Real Estate News

Tenant insolvency – Is there merit in a further moratorium?

The recent spate of high-profile company voluntary arrangements (CVAs), including those of BHS, Store 21 and more recently Love Coffee, The Food Retailer Group and Blue Inc, has placed this corporate rescue tool back in the spotlight. CVAs can be a useful mechanism for turning around a failing business, but it is clear that they

Posted in Case Updates

Insolvency and Deposits: Get your priorities right

Landlords often ask for a rent deposit when they grant a new lease, or consent to an assignment, especially if the incoming tenant is of shaky covenant strength.  This provides security against possible future default. If a tenant becomes insolvent then this is exactly the sort of situation where a landlord would want to make

Posted in Real Estate News

Landlords need to look closely at prepack Administrations

For the uninitiated, a pre-packaged sale (or prepack) is one that is negotiated in advance of administration and completed by the administrators when they are appointed.  It would be wrong to suggest prepack administrations are universally a bad thing. They can be the quickest means of salvaging a distressed business, while avoiding an often protracted

Posted in Real Estate

Insolvency can forfeit the right to forfeit

You’re a landlord. A business tenant goes bust. Getting them out and getting the lease back may not be as easy as you think. It can be especially complex (and galling) where your tenant is succeeded by a new business with the same management, the same name and the same suppliers, still in your premises.