If a business is put under administration by its owners, I am wondering where does that leave the landlords of the properties from which it operates.
1. If no rent is paid as per the agreed lease, will the lease then automatically become void and the landlord thus become liable for paying its rates ?
2. If the rent + rates are somehow (I'm not sure what other creditors might make of this were they made aware of it) paid to the landlord while administration is ongoing, will the landlord be unable to reclaim the property and re-lease it to another businesss ?
3. If it turns out that the business in question was bought from its previous owners purely because of its its long leases on desirable sites for say apartment building, how strong a position do the "business" owners have in relation to persuading the premises owners to sell the property to them now while the development potential is very high ?
4. Is there such a thing as a publicly accessible Registry of Commercial Leases where anyone can look at the terms of a given lease for a small fee ?
1. If no rent is paid as per the agreed lease, will the lease then automatically become void and the landlord thus become liable for paying its rates ?
2. If the rent + rates are somehow (I'm not sure what other creditors might make of this were they made aware of it) paid to the landlord while administration is ongoing, will the landlord be unable to reclaim the property and re-lease it to another businesss ?
3. If it turns out that the business in question was bought from its previous owners purely because of its its long leases on desirable sites for say apartment building, how strong a position do the "business" owners have in relation to persuading the premises owners to sell the property to them now while the development potential is very high ?
4. Is there such a thing as a publicly accessible Registry of Commercial Leases where anyone can look at the terms of a given lease for a small fee ?