Landlords are often placed at a disadvantage when an insolvent tenant company enters into administration. The landlord will not be a secured or preferred creditor where its tenant does not pay the rent, and the landlord cannot forfeit the lease for non-payment of rent without permission of the court.
United Kingdom, Insolvency & Restructuring, Litigation, Real Estate, Mills & Reeve LLP, Landlord, Leasehold estate