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Distressed real estate covers situations where property assets are under pressure due to financial distress, insolvency, or defaults by tenants or owners. A solicitor in this area handles secured lender actions, rescue strategies for assets, and negotiations around leases, assignments, and restructurings. They may draft and review security documents, prepare for receivership or administration, and liaise with lenders, tenants, and courts to protect collateral and optimise outcomes for the client in business-critical property matters.
