Course description
If the tenant of a commercial property cannot meet its financial obligations, landlords who are not prepared to recover possession need to be able to rely upon some form of security. Guarantees have historically been used for this purpose but they are starting to look increasingly vulnerable. Alternatives such as rent deposits and other newer financial products may be the answer.
Mark Shelton presents this concise and informative webinar which summarises how you can limit the risk of losing the benefit of a guarantee, the extent to which the benefit of a guarantee can be retained upon the assignment of a lease, and much more.
Upcoming start dates
Outcome / Qualification etc.
Training Course Content
Introduction
If a tenant cannot meet its financial obligations, the landlord who is not prepared to recover possession needs to be able to rely upon some form of security.
But which?
Guarantees have historically been widely used but have proved increasingly vulnerable over recent years. Landlords will increasingly be interested in other available forms of security: principally rent deposits, but also newer financial products.
This webinar surveys the available types of security, with an emphasis on the commercial and legal practicalities.
What You Will Learn
This webinar will cover the following:
- What measures can be taken to limit the risk of losing the benefit of a guarantee?
- To what extent can the benefit of a guarantee be retained upon an assignment of the lease?
- How can insolvency procedures be used to attack guarantees?
- What are the differences between the ways in which rent deposits are structured, and their practical implications?
- What scope is there to require additional security upon an assignment of the lease?
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...