This was in the lease of the flat we are about to buy for letting.
My question is has anyone had experience of this wording and have you asked for consent and what has been your experience?
7a That the lessee will not during the term hereby granted assign sub-let or part with the possession of the whole or any part or parts of the demised premises EXCEPT that this covenant shall not prevent the assignment of the whole of the demised premises to an assignee who has applied to become a member of of the management company nor shall this covenant prevent the lessee from mortgaging or charging the whole of the demised premises and
B That the lessee will procure that such assignee if so required by the lessor or the management company shall at his own expense enter into a direct covenant with the lessor and the management company and each of them to perform the covenants on the part of the lessee contained in the lease including this present covenant.
My question is has anyone had experience of this wording and have you asked for consent and what has been your experience?
7a That the lessee will not during the term hereby granted assign sub-let or part with the possession of the whole or any part or parts of the demised premises EXCEPT that this covenant shall not prevent the assignment of the whole of the demised premises to an assignee who has applied to become a member of of the management company nor shall this covenant prevent the lessee from mortgaging or charging the whole of the demised premises and
B That the lessee will procure that such assignee if so required by the lessor or the management company shall at his own expense enter into a direct covenant with the lessor and the management company and each of them to perform the covenants on the part of the lessee contained in the lease including this present covenant.
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