Void
From ACT Wiki
Jump to navigationJump to search
1. Law - contract.
Invalid, and ineffective.
- ISDA master agreements - ultra vires
- "It should be noted that if a counterparty does not have the requisite power to enter into the master agreement, the master agreement and all transactions thereunder may be held to be ultra vires and void, notwithstanding the inclusion of extra representations."
- Derivatives documentation - the Treasurer's Wiki
2. Commercial property - residential property - tenancy.
Abbreviation for a void period, when a property for rental is unoccupied, and the landlord suffers both loss of income and additional costs.
- Commercial property - financial health report
- "When it comes to the financial health of this sector, landlords will vary as to whether they will accept reduced rents or move to take action with non-performing tenants once eviction protections come to an end.
- If retail areas are to return to health, boarded-up shops and voids are undesirable, one might argue.
- Turnover rents, where landlords share in the success or failure of tenants, are increasingly a topic of conversation."
- Ian Chisholm, group treasurer, Grosvenor Group - The Treasurer, Issue 2, June 2021, p40
