Tenant Insolvency and Company Voluntary Arrangements (CVAs) in Commercial Property
With several recent cases of famous high street brands restructuring under CVAs, understanding tenant insolvency is more crucial than ever when considering the best options for landlords and other property professionals involved.
Tenant insolvency is on no landlord’s wish list. However, more and more tenants are becoming insolvent, and recovering rent arrears can be complex, costly and time-consuming. Furthermore, there has also been a significant increase in CVAs being offered to companies as a better alternative to liquidation, but it is often the landlords that pay the price.
This seminar will discuss recent cases of tenant insolvency, including CVAs, and consider the most efficient and cost-effective options for landlords and other property professionals involved.
Attend this seminar to better advise your clients through a better understanding of tenant insolvency, including:
Identifying different types of insolvency
Impact on the Landlord
Considering your options
Recovering sums – CRAR, Guarantors, use of a rent deposit
Pursuing former tenants and guarantors
Rights of the landlord under a CVA - Restrictions on recovery of rent arrears, and rights to challenge the CVA
Recent cases and examples, including landlords fighting back.
The time given is when registration opens. The seminar will start 30 minutes later.
Richard has specialised in contentious property work for over 20 years. As well as acting in an advisory capacity he has extensive advocacy experience, having gained his rights of audience for all higher courts. He is one of only a handful of solicitors to have appeared as advocate in the House of Lords.
Richard’s property background covers all aspects of real property and landlord and tenant work for commercial, agricultural and residential property.