Leased or equipment purchased by hire-purchase – waiver letters requested of landlords – the implications

On 30 June 2014 Hogan Lovells posted an interesting blog on this subject. It drew attention to the situation where a tenant of commercial premises seeks to lease equipment from third parties for use in their business premises. Evidently it is considered good practice for finance or leasing companies to ensure that the landlord of the premises will make no claim to the equipment. Landlords and their managing agents are regularly asked by their tenants to sign standard form waiver letters. Often this request is made at short notice, perhaps just as the equipment is about to be delivered or installed.