Sublease question

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    Sublease question

    I work for a local council, we have a lease (45 years left) on our recreation ground. We want to allow the Scouts to build on the land but the landlord will only allow a sublease with a rolling break clause operating from day one so the sublease ends if the head lease ends, however unlikely that is. The Scouts have to have a sublease.

    It is extremely unlikely the head lease will be surrendered, is it possible to insure against this happening to provide the Scouts with some indemnity.

    Thanks for your help.

    #2
    Even if the Council (C) were to surrender the Head Lease to the freehold reversioner (F), the Underlease would be unaffected (assuming that F consented to C granting it). Maybe C would covenant not to surrender?
    JEFFREY SHAW, solicitor [and Topic Expert], Nether Edge Law*
    1. Public advice is believed accurate, but I accept no legal responsibility except to direct-paying private clients.
    2. Telephone advice: see http://www.landlordzone.co.uk/forums/showthread.php?t=34638.
    3. For paid advice about conveyancing/leaseholds/L&T, contact me* and become a private client.
    4. *- Contact info: click on my name (blue-highlight link).

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