Q&As

What happens to rent deposit monies arising under a rent deposit deed charged to a landlord where the tenant has been voluntary struck off and dissolved?

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Published on LexisPSL on 08/03/2017

The following Restructuring & Insolvency Q&A provides comprehensive and up to date legal information covering:

  • What happens to rent deposit monies arising under a rent deposit deed charged to a landlord where the tenant has been voluntary struck off and dissolved?
  • What happens to the assets of a company which has been struck off and dissolved?
  • Administrative restoration
  • The rent deposit

This Q&A considers the following issues in a scenario where the relevant lease has not been forfeited or disclaimed.

What happens to the assets of a company which has been struck off and dissolved?

If a company is dissolved while it still owns or has an interest in property, that property will be deemed to be bona vacantia (meaning that it is 'vacant’ and without a legal owner) and will pass to the Crown.

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