Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Landlord definition

What does Landlord mean? In legal practice, a landlord is the person or entity that grants a lease or tenancy of land or buildings and retains the immediate reversionary interest. The term is used descriptively across property and housing law; while particular statutes define “landlord” for specific regimes (notably residential tenancies), its core meaning is consistent in England & Wales, Scotland, Northern Ireland and Ireland. A landlord is entitled to receive rent and enforce the tenant’s covenants and other obligations, and may exercise contractual and statutory remedies (such as possession proceedings, forfeiture in England & Wales and Northern Ireland, or irritancy in Scotland) where the...

Pre-pack administrations: landlords’ rights, rent as an administration expense, moratorium limits, forfeiture and other enforcement options for leasehold premises, guarantors and rent deposits (England and Wales)

Published by a LexisNexis Restructuring & Insolvency expert

Practice notes

What is a Pre-pack administration sale?

A pre-pack administration sale is an arrangement where the disposal of some or all of a Company’s business and assets is agreed with a buyer before an administrator is appointed, and the administrator completes the deal immediately upon, or soon after, taking office, following their formal appointment. The transaction concludes before any creditors’ meeting and without the court’s sanction, and it is implemented by the administrator. While confirmed as lawful in practice, pre-packs attract mounting and increasingly vocal criticism over opacity and insufficient attention to creditors’ interests, especially when the acquirer is the incumbent management team. The Statement of Insolvency Practice 16 (SIP 16), issued by the Joint Insolvency Committee, regulates pre-packs to answer these concerns and criticisms. It imposes obligations on the administrator in connection with the pre-pack sale, including broader external marketing activities and a requirement to obtain a valuation (or explain clearly the absence of one). Administrators must also produce a detailed report to creditors (the SIP 16 statement) setting out the rationale and justification for undertaking a pre-packaged sale, together with information about the marketing and valuation steps taken, to evidence that the administrator has acted with due regard for...

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Web page updated on 21/05/2026

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Date [ date ] Parties [ name of Landlord ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Landlord) [ name of Tenant ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Tenant) [ [ name of Guarantor ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Guarantor) ] [ [ name of Mortgagee ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Mortgagee) ] Definitions Within this Deed, the terms below shall be interpreted as follows: [ Annual Rent • the annual sum reserved under the Lease; ] [ Insurance Rent • the Tenant’s share of the Landlord’s costs of insuring the Property (as set out in the Lease); ] Lease • the lease of the Property dated [ date ], entered into between (1) [ the Landlord OR [ name ...

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