Continue reading "Real Estate Finance: Mortgagees and lease forfeiture – Part 1"
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Real Estate Finance: Mortgagees and lease forfeiture – Part 1
In the first of a series of articles Sara Lindemann considers forfeiture for breach of covenant and mortgagee protection provisions ‘Mortgagee protection provisions should require the landlord to notify the tenant’s mortgagee in the event of breach of tenant covenant, giving the mortgagee a period within which to remedy the breach prior to the landlord …