Pubs For Lease - Pub Lease Assignment - Licensed Property Leases

An assignment of a lease takes place when the tenant (assignor) transfers/sells to another person (assignee) their entire interest in the property for the unexpired residue of the lease.Section 52 (1) of the Law of Property Act 1925 requires that for the legal estate to pass to the assignee, then the assignment must be by Deed.Under the doctrine of "privity of contract", the original tenant remains liable to perform all the covenants in a lease throughout the term. Thus, if the lease is assigned to a third party, in the event that the new tenant defaults, the original tenant remains liable for the covenants contained therein.

In some cases therefore, if an assignee is found to be in breach of contract, the landlord is able to look to the assignor to seek redress; even though the original tenant has no control over the subsequent occupiers business.

The Landlord and Tenant (Covenants) Act 1995 sought to address this issue and relieve the original tenant from such liability upon assignment. Modern leases granted on or after 1st January 1996 usually incorporate this change in legislation.

Pubs For Sale: Licensed Properties, Hotels & Pubs For Sale

We offer a range of freehold pubs, public houses and licensed properties for sale

Paramount Properties commercial property investment team can provide a full suite of commercial property advice and services to you in your search or disposal of your pub, hotel, restaurant or other licenced property. Search freehold and leasehold pubs and licensed properties for sale in UK

Paramount Properties are specialsists in sourcing UK Pubs for Sale, Freehold Pubs for Sale, Leasehold Pubs for Sale and other Pub Company or Brewery pub disposals in England, Scotland and Wales for potential property investors and developers.

Pubs For Sale: Licensed Properties, Hotels & Pubs For Sale

The licensed property management team at Paramount Properties is experienced in all aspects of freehold pub sales and leasehold pub sales licensed and leisure property investments ensuring a stress free and profitable solution