Commercial Leases
Lease assignment to guarantor – leasehold covenants release – void transaction
EMI Group Ltd v O & H Q1 Ltd [2016] EWHC 529 (Ch) (Miss Amanda Tipples QC) (16 March 2016)
This case revisits the continuing debate as to the legal effect of the release of a guarantor upon the assignment of a lease by the tenant (T1). Here the tenant purported to assign the lease to its guarantor (G1), with the consent of the landlord.