Leases: mortgagee protection clause | Practical Law

Leases: mortgagee protection clause | Practical Law

A clause for use in a long lease of a commercial property which obliges the landlord to give the tenant's mortgagee the opportunity to remedy a breach before steps are taken to forfeit the lease.

Leases: mortgagee protection clause

Practical Law UK Standard Clause 7-577-1066 (Approx. 5 pages)

Leases: mortgagee protection clause

Maintained, England, Wales
A clause for use in a long lease of a commercial property which obliges the landlord to give the tenant's mortgagee the opportunity to remedy a breach before steps are taken to forfeit the lease.