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ARTICLE · 16 DECEMBER 2003

Changes to Insolvency Legislation affecting the Landlord and Tenant Relationship

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Recent changes to insolvency legislation will substantially alter the rights of landlords against defaulting tenants.

United KingdomLitigation, Mediation & Arbitration
Stephanie Thomas
Stephanie Thomas

Originally published in November 2003

Recent changes to insolvency legislation will substantially alter the rights of landlords against defaulting tenants.

On 15 September 2003 the corporate insolvency provisions of the Enterprise Act 2002 came into force. This follows the coming into force of the remaining provisions of the Insolvency Act 2000 in January 2003. The combination of the provisions in both statutes will dramatically affect the relationship between landlords and tenants.

The objective of the legislative changes is to encourage the regeneration of the affairs of individuals and businesses following an insolvency situation.

A Summary of the Main Changes

Bankruptcies under the Enterprise Act 2002

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