TITLE

Doubts over alternative mechanisms

AUTHOR(S)
Sykes, Joanna
PUB. DATE
April 2010
SOURCE
EG: Estates Gazette;4/24/2010, Issue 1016, p101
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses alternative forms of security offered by tenants as well as issues of enforceability in Great Britain. One alternative is a letter of credit, which involves the issuance of bank guarantees to the landlord. The eligibility of an assignee of the reversion to enforce the benefit of a surety covenant based on the case P&A Swift Investments versus Combined English Stores Group Ltd. is explained. The implications of providing guarantee in a letter form instead of a deed are tackled.
ACCESSION #
51381776

 

Related Articles

  • What not to do if you're a landlord. Malo, Aaron // Orange County Business Journal;04/19/99, Vol. 22 Issue 16, p13 

    Provides legal advice for landlords in California. Suretyship laws in the state; Special protections under California law; Ways to avoid exonerating a surety.

  • Work or face court, occupiers told. Barnard, Lucy // EG: Estates Gazette;8/18/2007, Issue 733, p04 

    The article reports on the legal conflict between leaseholders and the Hackney council on the issue of how live/work units are used.

  • THE FADING DISTINCTION BETWEEN LETTERS OF CREDIT AND GUARANTEES. Goodman, Gary A.; Maliza, Amy K. // Banking Law Journal;Jun2004, Vol. 121 Issue 6, p523 

    The article presents information on the fading distinction between letters of credit and guarantees. Courts have traditionally treated letters of credit and guarantees differently when analyzing equitable subrogation. While a guarantor of another's obligation has enjoyed the ability to equitably...

  • Landlord and tenant.  // Lawyer;4/30/2012, p16 

    The article discusses the Great Britain High Court Chancery Division case PCE Investors Ltd. v. Cancer Research UK which deals with a break clause condition in a landlord and tenant agreement.

  • Phillips and another v Francis and another.  // EG: Estates Gazette;3/30/2013, Issue 1313, p76 

    The article discusses a court case that focuses on service charge agreements between landlord and tenant in Great Britain. The court case Phillips and another v Francis and another highlights the Landlord and Tenant Act 1985. The case also explores issues related to service charges demanded by...

  • Daejan's dispensation. Driscoll, James // EG: Estates Gazette;3/16/2013, Issue 1311, p79 

    The article discusses the court case, Daejan Investments Ltd. v Benson, wherein the British Supreme Court ruled that the leasehold valuation tribunal (LVT) should have granted the landlord dispensation from the service charge consultation requirements in section 20 of the Landlord and Tenant Act...

  • Daejan Properties Ltd v Campbell.  // EG: Estates Gazette;2/9/2013, Issue 1306, p106 

    The article discusses the British court case Daejan Properties Ltd. v. Campbell, which revolved around issues of service charge and construction of lease between landlord and tenant. The appellant's status as a long-term leaseholder of a maisonette in a converted Georgian house in London,...

  • COURT OF APPEAL SENDS LLOYDS CAPITAL ALLOWANCES CASE BACK FOR FIT REVIEW.  // Accountancy;Oct2014, Vol. 153 Issue 1454, p16 

    The article discusses the court case R & Commissioners v. Lloyds TSB Equipment Leasing (No. 1) Ltd., wherein the Court of Appeal of Great Britain has ruled to remit the case for review by the First Tier Tribunal (FTT) over the availability of capital allowances on ships leased to non-British...

  • Nil desperandum. Densham, Will; Shelton, Mark // EG: Estates Gazette;11/22/2008, Issue 846, p110 

    The article discusses nil notices, stated in section 17(2) of the Landlord and Tenant (Covenants) Act 1995 wherein it states that tenants may not pay arrears but the landlord has the right to claim in the future. The article says that this ruling has been changed by the House of Lords following...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics