SCHEDULE 6

LEASES
PART 3

RENT AND OTHER CONSIDERATION

Assignment of lease: assumption of obligations by assignee
18
In the case of an assignment 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 assignment.
Sch. 6 para. 18 in force at 1.4.2018 by S.I. 2018/34, art. 3