Landlord Going Into Liquidation

auzzie | 16:16 Tue 11th Feb 2014 | Business

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If you have 7 years left on a lease for a commercial property and the landlord goes into liquidation, what happens to the rest of the lease. Are you forced to move? The property is in the throws of being sold through auction for the second time, but it is not envisaged that it will be sold. If this is the case the bank will foreclose on the landlord. Where does the tenant stand?

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Get your teeth into this:
http://www.inhouselawyer.co.uk/index.php/real-estate/7943-landlord-and-undertenant-insolvency-the-sandwiched-tenant

Looks like a minefield;
http://www.healys.com/site/library/commercialclient/landlord/landlord_insolvency.html

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Landlord Going Into Liquidation

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