When a personal guarantee has to be given in order to give a lender the security it needs, the guarantor hopes that the guarantee will never be called in. However, when it is, the loss suffered by the guarantor will normally qualify as a loss for Capital...
Aside from Enfranchisement, Right to Manage and Right of First Refusal, there are lesser known procedures under statute whereby tenants may be able to exercise greater control over the building they live in. Examples of these include:
Compulsory Acquisition by Tenants of their Landlord’s Interests under the Landlord and Tenant Act 1987 where a landlord is in breach of their repairing, maintenance, insurance or management obligations under the lease.
Right of Tenant to Seek Determination of Liability to Pay Service Charge and/or Administration Charge under the Landlord and Tenant Act 1985.
Right for a Manager to be Appointed under the Landlord and Tenant Act 1987.
For further information please contact:
Andy Finkel (Harrow) on 020 8422 5678