Law > Class Notes > Alienation Leasehold Summary For Property-BPP University (All)
Alienation Leasehold Summary For Property-BPP University
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ALIENATION SUMMARY Analyse alienation covenants and apply common law/statute to advise a client Advise a client on the PROCEDURE for assigning/underletting a lease. What is it? ALIENATIO ... N TRANSFER OF INTEREST IN LEASE. > Tenant disclaims their interest in the lease. o E.g. client’s business is not doing well so client wants to get out of the lease. If there is no break clause in the lease, their only option is alienation. > Alienation can involve: o Assignment o Underletting/subletting o Parting with possession (grant of licence) o Sharing the lease ▪ E..g. business that has different groups and parent company. o Mortgaging/charging ▪ Creating a mortgage over the property – CONTINUED........ [Show More]
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