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Boale, Wood and Company

Boale, Wood and Company

Licensed Insolvency Trustee

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Landlord Insolvency: Lease Renewals

April 27, 2007 by David Wood Leave a Comment

Generally the security agreement or Court Order will allow the Receiver to renew leases. If the power is not specifically provided for the Receiver may apply for the power to renew. Caution should be exercised when renewing long term leases as it may impact on the overall value of the property.

Blog Insolvency,  landlord and tenant

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