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Commercial Lease

  • 18-05-2015 10:02am
    #1
    MintyMagnum
    Registered Users, Registered Users 2 Posts: 480 ✭✭


    If your company had a lease on a property & then ceased to exist what would happen to the lease?


Comments

  • #2
    pedronomix
    Closed Accounts Posts: 997 ✭✭✭pedronomix


    The liquidator would dispose of it or the landlord may reposses and cancel it. It depends on a lot of different considerations and the terms of the lease!


  • #3
    capefear
    Registered Users, Registered Users 2 Posts: 783 ✭✭✭capefear


    Is there a personal guarantee clause in the lease?


  • #4
    MintyMagnum
    Registered Users, Registered Users 2 Posts: 480 ✭✭MintyMagnum


    capefear wrote: »
    Is there a personal guarantee clause in the lease?

    Think so, yeah.


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