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Legal Developments worldwide

Priority rental rights in insolvency

November 2011 - Real Estate & Property. Legal Developments by SIBETH .

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Parties to rental contracts for commercial premises often agree priority rental rights. In practice, this concept is used to cover a whole series of legal structures. These range from fixed options for the tenant to a promise made by the landlord as a business policy that if any additional premises become available, they will be offered to the tenant. In 2010 the Berlin Court of Appeal issued a ruling on such priority rental rights in insolvency; the decision has recently been published.

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Reproduced with permission from International Law Office. This article was first published on the website www.internationallawoffice.com


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