Level: Essential Points: 0
Daniel Arapere, Senior Associate, Baker & McKenzie
In the current market we are seeing an increase in tenants in distress and looking to be released from their liabilities. Companies on verge of folding or down-sizing often wish to assign their lease. We will look at issues arising from both a landlord and tenant perspective including:
Preparing the lease assignment:Types of restrictions on assignmentObtaining consentReviewing the necessary steps to achieve the assignmentReview of recent Queensland Court of Appeal case regarding assignment of leases involving the sale of the Hamilton Island hideaway owned by former Beatle, George Harrison.
Chair: Rachel McNaught, Associate, Baker & McKenzie and Vice Chair of NSW Young Lawyers Property Law.
