In a case which is the first of its kind and has implications for companies of all sizes, a small interior design company has been convicted under ‘failure to prevent bribery’ legislation. The court was told that a former director of...
What is a landlord waiver? This is a document between a landlord and a lender who provides a loan to a tenant for which the tenant gives security over their assets contained in the property. The landlord’s waiver allows the lender to enter the premises to enforce security over the tenant’s assets if the tenant defaults on their loan repayments. Without a landlord waiver, the lender would first have to obtain permission from the landlord to enter the property.
Landlord waivers are applicable to the majority of business loans, involving assets taken as security and most lenders will request a landlord waiver before agreeing to the loan, in order to prevent additional complications in the event of a default.
