Q&As

Where a landlord holds money on trust for a tenant pursuant to a rent deposit deed and a tenant goes into liquidation prior to the landlord drawing down on the rent deposit deed in accordance with the deed for arrears in rent existing prior to liquidation, do the sums forming the deed form part of the liquidation and will the landlord become an unsecured creditor for outstanding rent?

read titleRead full title
Published on LexisPSL on 22/06/2020

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

  • Where a landlord holds money on trust for a tenant pursuant to a rent deposit deed and a tenant goes into liquidation prior to the landlord drawing down on the rent deposit deed in accordance with the deed for arrears in rent existing prior to liquidation, do the sums forming the deed form part of the liquidation and will the landlord become an unsecured creditor for outstanding rent?

A rent deposit is a sum of money that is deposited by a tenant when it takes a lease of premises as security against the non-payment of rent and other breaches of the lease. There are several ways of structuring a rent deposit, one of which is where the rent deposit is held by the landlord on trust for the tenant.

If this structure is adopted, where the tenant becomes insolvent

Related documents:

Popular documents