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SCHEDULE 6E+WLEASES

PART 3 E+WRENT AND OTHER CONSIDERATION

Assignment of lease: assumption of obligations by assigneeE+W

18E+WIn 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.

Commencement Information

I1Sch. 6 para. 18 in force at 1.4.2018 by S.I. 2018/34, art. 3