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Legal Briefing
Rent as an administration expense
Practice Area: Landlord and Tenant
Sector: Real estate
Jurisdiction: England & Wales
Published: 01 July 2010
Law Firm: Nabarro
Overview
If a tenant is in administration and the administrators are using the leasehold premises for the benefit of creditors – rent for the period of use is automatically payable as an expense of the administration.
The recent High Court case of Goldacre (Offices) Limited v Nortel Networks UK Limited (in administration) has provided some welcome clarity on the question of when administrators must pay the rent and other expenses for their use of leased premises.
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