Additional challenges faced by landlords when tenants fall into liquidation

We act for a client who owns a large multi-let distribution centre in Kent.  One of its tenants was recently placed into liquidation owing our client arrears of rent and leaving it to fend off claims from suppliers and other creditors who claimed rights over goods being stored in one of the units.

With our extensive experience of property related insolvency issues, we managed to guide our client through the process and negotiate with the liquidator and other creditors to ensure a prompt resolution for our client without recourse to the courts.

Mark Steggles, the lead Partner on the matter, comments “this was a situation that could have escalated quickly, but the direct and pragmatic approach that we agreed with our client managed to ensure a prompt resolution”