Limitation of trustees’ liability clause—lease and agreement for sale
Limitation of trustees’ liability clause—lease and agreement for sale

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

  • Limitation of trustees’ liability clause—lease and agreement for sale

Limitation of trustees’ liability—lease clauses

Trustees means the persons named as [Landlord OR Tenant] in this lease and any person appointed as trustee of [name of trust or charity] from time to time.

    1. 1

      The liability of the Trustees for the time being in respect of any breach by the [Landlord OR Tenant] of any of the [Landlord’s OR Tenant’s] obligations under this lease is limited in amount to the realisable value of the assets of the [name of trust or charity] for the time being vested in the Trustees.

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