Insolvency clauses

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Practice notes
There can be only one lease at a time giving a right to possession and occupation of property. Consequently, if a landlord subsequently grants a lease...
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9th Nov
Practice notes
Sale by a mortgagee destroys the equity of redemption in the mortgaged property. The sale defeats the rights of all subsequent incumbrancers, whose...
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9th Nov
Practice notes
What is a letter of non-crystallisation?A letter of non-crystallisation is required by a buyer’s/lender’s solicitor to confirm that:•a floating charge...
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9th Nov
Precedents
[To be printed on Landlord’s letterheaded paper]Our Ref:Date:To: [insert name of Tenant]From: [insert name of previous Landlord] [of [insert address]...
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9th Nov
Practice notes
There are three different ways by which an easement can be implied at common law:•necessity•intended use•the rule in Wheeldon v BurrowsThe implied...
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9th Nov
Practice notes
Vitiation of an insurance policyAn insurance policy may be vitiated (or invalidated) if the insured:•misrepresents or fails to disclose any material...
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9th Nov
Practice notes
The ‘ad medium filum’ rule is a rebuttable presumption that an owner of land which abuts either:•a public or private highway, or•a non-tidal river or...
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9th Nov
Practice notes
The rule against derogation from grant applies in addition to any obligation of quiet enjoyment. It is not excluded by an express covenant for quiet...
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9th Nov
Practice notes
What is a headline rent?In a falling market, landlords frequently offer tenants financial inducements to take a lease in order to maintain the level...
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9th Nov
Practice notes
The second edition of the Standard Commercial Property Conditions came into force on 1 June 2004 and these conditions are incorporated into many...
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9th Nov
Practice notes
When property markets suffer a downturn, commercial tenants with properties that are surplus to requirements face significant difficulties in...
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9th Nov
Practice notes
Manorial rights are relics of the feudal system of land tenure. They can still exist in relation to land that:•is former copyhold land, or•was...
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9th Nov
Practice notes
A benevolent fund is an institution, including a body of trustees, which holds funds on trust for the purpose of relieving poverty amongst a defined...
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9th Nov
Practice notes
On the disposition of a property (whether by way of conveyance, transfer or charge), the party making the disposition will normally provide a title...
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9th Nov
Practice notes
A certificate of title (also known as a certificate on title) is a particular species of report on title.When solicitors are instructed to investigate...
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9th Nov

Most recent Insolvency clauses content

Precedents
Panel 4—Transferor [insert name of the registered proprietor] in administration) (the ‘Transferor’) acting by [any one of] its...
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26th Sep
Precedents
LR prescribed lease clauses Coronavirus (COVID-19): the coronavirus pandemic has caused the UK to expedite new insolvency...
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26th Sep
Precedents
Coronavirus (COVID-19): the coronavirus pandemic has caused the UK to expedite new insolvency provisions, both of a temporary and...
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26th Sep
Precedents
Panel 4—Transferor [insert name of debtor and other registered proprietor[s]]. Panel 11—Additional provisions I [insert name...
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26th Sep
Precedents
Transfer clauses—sale by liquidator Coronavirus (COVID-19): the coronavirus pandemic has caused the UK to expedite new insolvency...
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26th Sep
Precedents
Panel 4—Transferor [insert name of the registered proprietor] (in administrative receivership[ and also in liquidation]) (the...
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26th Sep
Precedents
Transfer clauses—sale by LPA or fixed charge receiver Panel 4—Transferor [insert name of the registered proprietor][(in...
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26th Sep
Precedents
1 Wording for use where property is subject to LPA or fixed charge receivership The Property is being sold by [a OR joint] fixed...
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26th Sep
Precedents
Panel 4—Transferor [insert name of trustee in bankruptcy] who is the trustee in bankruptcy of [insert name of registered proprietor...
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26th Sep

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