Insolvency clauses for leases
Insolvency clauses for leases

The following Property precedent provides comprehensive and up to date legal information covering:

  • Parties
  • Recitals
  • Execution clauses

LR prescribed lease clauses

Coronavirus (COVID-19): the coronavirus pandemic has caused the UK to expedite new insolvency provisions, both of a temporary and permanent nature. For news and guidance as to the implications from a property perspective see: Coronavirus (COVID-19)—implications for property — Property Insolvency.

LR3. Parties to this Lease Landlord
  [insert landlord’s name, address and registered number] [(in [administrative receivership] [and also in] [liquidation OR administration])]

Parties

  1. 1

    [insert name of landlord] [(in [administrative receivership] [and also in] [liquidation OR administration])] of [insert address] [incorporated in England and Wales with company registration number [insert company registration number]] (Landlord) acting by [any one of] [insert one of the following:]

  2. [Lease by receivers: the [joint] [receiver[s] of the Property], [insert name of [first] receiver] of [insert address] [and [insert name of second receiver] of [insert address]] (Receiver[s])]

    [Lease by administrative receivers: its [joint] administrative receiver[s], [insert name of

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