The Year Of The Administration?

2018 was the "year of the CVA", slashing rents and forcing landlords to get to grips with long-winded CVA proposal documents in an attempt to allow struggling tenants to manage their debts, turn around their businesses and avoid terminal insolvency situations.

The unfortunate reality is that even if they are approved by landlords and other creditors, not all these CVAs will be successful and many tenants are likely to end up in administration.

This article serves as a reminder to landlords of what the insolvency process of administration actually is, the reasons it should be of concern and what they need to bear in mind when managing properties that have been let to a tenant who enters into administration.