Document background
The Landlord Waiver is essential in commercial financing transactions under English and Welsh law where a tenant seeks to use their business assets as collateral for loans. Without this document, a landlord's statutory rights could interfere with a lender's security interest in the tenant's property. The waiver typically specifies which rights the landlord is surrendering, establishes procedures for lender access to the premises, and defines notice requirements. It's particularly crucial in scenarios involving inventory financing, equipment leasing, or other asset-based lending arrangements where the tenant's collateral is located on the landlord's premises.
