TENANT INSOLVENCY: IMPACT ON LEASE REMEDIES

TENANT INSOLVENCY: IMPACT ON LEASE REMEDIES

Coronavirus, the government’s lockdown of many businesses and social distancing – all are having a huge and detrimental effect on the solvency of commercial tenants. What remedies and rights does a landlord have especially in light of recent government ‘pandemic’ legislation?

• Statutory demands and winding up – the proposed Corporate Insolvency and Governance Bill
• When the rent can be unilaterally reduced, how and why: Discovery v Debenhams
• The Coronavirus Act 2020, a new moratorium and proposed changes to statutory demands and winding up orders – where do they leave the landlord?
• Can you still rely on the guarantor? And who else must pay rent?

Sarah Thompson-Copsey, Non-Practising Solicitor, Legal Lecturer and Trainer