OpenLegislation

Paragraph 16 I1

In the case of an assignation of a lease the assumption by the assignee of the obligation—

(a)

to pay rent, or

(b)

to perform or observe any other undertaking of the tenant under the lease,

does not count as chargeable consideration for the assignation.

Annotations

Commencement

I1

Sch. 19 para. 16 in force at 1.4.2015 by S.S.I. 2015/108 , art. 2