Until recently, Commercial Leases and Insolvency was the only text considering the important inter-relationship between commercial property law and insolvency law. Fortunately, practitioners advising on this issue could avoid consulting comprehensive insolvency texts and simply consider this text. Readers will be pleased to note that Commercial Leases and Insolvency has been thoroughly updated to consider the latest developments to the law.
Written by an experienced property insolvency practitioner, Commercial Leases and Insolvency is broken down into a number of chapters including liability for obligations under the lease, distress for rent, forfeiture, liability of original tenants, assignees and sureties, disclaimer of a lease and surrender and assignment of leases. Impressively, McLoughlin has also included, as an appendix, a revised chapter on distress which explains the law when the Tribunals, Courts and Enforcement Act 2007 comes into force and abolishes distress.
Commercial Leases and Insolvency is impressively written in a user-friendly and accessible way. It is separated into manageable sections meaning that answers can be quickly located. The excellent index also provides further assistance in locating the relevant part of the text. McLoughlin also includes a number of useful tables which allow answers to be quickly found together with supporting authorities. These excellent features mean that Commercial Leases and Insolvency is an extremely useful text for practitioners and non-lawyers including surveyors.
For all property insolvency lawyers, a new edition of Commercial Leases and Insolvency has long been overdue. Its enjoyable written style means that the material is quickly understood and answers are quickly found. Further, at only £68, the text provides excellent value for money. McLoughlin's decision to include, as an appendix, a revised chapter on distress is a masterpiece meaning it will remain close to hand, even after distress has been abolished.
Reviewed on 26 January 2009
Student Law Journal