Jurisdiction(s):
United Kingdom

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Key definition

Administration definition

What does Administration mean? Administration is a corporate insolvency procedure used to protect and stabilise a financially distressed company while an independent insolvency practitioner (the administrator) takes control to pursue rescue or a better return to creditors than liquidation. It is a statutory process in England and Wales and Scotland under the Insolvency Act 1986, Schedule B1, and in Northern Ireland under the Insolvency (Northern Ireland) Order 1989, Schedule B1. Key features include an immediate moratorium on most creditor enforcement, displacement of the directors’ management powers, and appointment either by court order or out of court by the company, its directors or...

Administrators’ Licence to Occupy: Letter Precedent for Short-Term Occupation of Leasehold Premises (England and Wales)

Published by a LexisNexis Restructuring & Insolvency expert

Precedents

To be printed on [ Name of company in Administration ] headed paper

To: [ Insert name(s) and address and company number (if relevant) of entity who you are granting the licence to occupy to ] (the 'Licensee')

Date: [ insert date ]

Dear [ insert name of purchaser ],

Licence to occupy Land [and buildings] at [ insert full address and description of property including title number ] (the ‘ Property ’)

You will be aware that we hold the Property pursuant to a lease granted by [ insert name of Landlord ] ('the Landlord') dated [ insert date of Lease ] (the 'Lease')...

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Web page updated on 22/05/2026

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