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Debt Relief – Insolvency – Bankruptcy Information » Insolvency » if my commercial landlord goes into receivership can I renegotiate a new lease with the new landlord?

if my commercial landlord goes into receivership can I renegotiate a new lease with the new landlord?

I signed a 10 yr lease with my landlord regarding a commercial property. However they have just gone into receivership. Does this mean I can renegotiate a new lease when the next landlord is appointed? I am now paying all monies to the administrator until further notice, but need to know if the previous lease is now null and void?

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2 Responses to "if my commercial landlord goes into receivership can I renegotiate a new lease with the new landlord?"

  1. Mr. Fix-It says:
    Unless the fine print of your lease specifically voids the lease in this situation…..the lease survives the sale and binds over to the new owner. Akl what the status is of any Security you have up or you may find yourself holding an empty bag in a he said she said situation when its time to move on.
  2. HEATHER says:
    The lease is still valid. Check your lease to see if there is some other clause that you may be able to cancel under, such as the property having to maintain a certain occupancy overall.

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