Lease security in a post-millennial world


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This article was published in Property Week on 25 October 2016

For further information, please contacts Matthew Williams, Partner, Fladgate LLP (mwilliams@fladgate.com)


 

In the past, if a tenant did not meet the required covenant strength, it would need to provide a suitable security package to the landlord. This would normally include either a rent deposit or a parent company guarantee (or both).

With the rise of the “post-millennial”, landlords have had to become more creative as these companies tend to have overseas parent companies with no UK assets and are unwilling (or unable) to tie-up large sums of cash.

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