The Practical Lawyer

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Landlord and tenant – commercial

Rent – monthly payment

Many Ts of retail premises are asking to pay their rent monthly (rather than quarterly).

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Virtual assignment – alienation breach

Virtual assignments are common in large corporate transactions. For instance, if a seller has dozens of leasehold properties it may not be practical to apply for consent to assign each property before completion of the deal.

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Distress – not abolished

The Commercial Rent Arrears Recovery regime was intended to replace the ancient remedy of distress.

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Insolvency – L’s remedies (2)

This table summarises L’s remedies when dealing with a corporate (not individual) T.

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