SteveFW

But there are no extraneous rules other than those set out above which govern this situation, i.e. if one were to enter into a rights based third party resolution (arbitration or litigation) those would be the rules which would be applied and their would be decision arising from the application of these rules.

So to start the process we need to collectively define 1.the "rules" which are applicable to this situation which would appear to be a series of contractual obligations. The landlord has an obligation to provide space for use of the tenant probably subject to certain constraints. The tenant has an obligation to pay rent (and likely services and ops costs and rates and possibly rental on turnover) for the space made available by the landlord. The landlord has an obligation to pay the bondholder a predetermined monthly payment.. The landlord has an obligation to pay the Local Authority rates and services charges and consumption. The landlord has an obligation to pay the building insurance. The landlord has an obligation to pay either staff or contracted management, cleaning and security services. There are probably a few caveats in the lease which would modify the relationship between the landlord and the tenant, these related to force majeur etc which may have govern the relationship between the parties. Is this the correct route to setting out the fixed and formal rules which exist in this scenario?

Sounds like a really interesting and potentially valuable exercise, be keen to participate. Similar caveats to those above re time and need to keep the day job(s) running. Thanks for the idea and being prepared to facilitate.