Course description
Although forfeiture for non-payment of rent which fell due during the pandemic period remains restricted, it is once more available for all other arrears of rent. Landlords should tread carefully however as forfeiture is not necessarily an effective means of obtaining payment of the arrears and the lengthy period in which tenants can receive automatic relief from it, by paying the arrears, can make it difficult to re-let the property.
Mark Shelton presents this live and interactive broadcast which will explore the practical and legal issues, as well as highlighting the key points to be aware of, to ensure that forfeiture delivers the result that the client is seeking.
Upcoming start dates
Outcome / Qualification etc.
Training Course Content
Introduction
Forfeiture of a commercial lease can be one of the most immediately effective remedies for tenant default that there is, particularly since when deployed in relation to arrears of rent, there is no need to give prior warning, and no need to go to court.
Landlords need to be wary, though. While forfeiture may result in recovery of possession, it will not necessarily obtain payment of the arrears. Conversely, tenants may obtain automatic relief from forfeiture, restoring them to possession, by paying the arrears, and the lengthy period in which this option remains available can complicate re-letting. The rules surrounding applications for relief are highly technical, and in places unclear.
This virtual classroom seminar will explore the practical and legal issues and highlight the key points to be aware of to ensure that forfeiture delivers the result that the client requires.
What You Will Learn
This live and interactive session will cover the following:
- Must a s.146 notice be served?
- Is a pre-emptive application for relief possible?
- What sums are ring-fenced?
- Can all mortgagees, chargees and sub-tenants apply for relief, and what are the rules?
- What are the pros and cons of peaceable re-entry?
Expenses
MBL Seminars Limited
MBL is a leading learning and development provider for professional service firms. Over the past 18 years, more than 198,000 people across 23,000 different organisations spanning 81 countries, have chosen us to deliver their training. With over 800 expert speakers...