Commercial Leases · glossary
Granting a shorter lease out of the tenant's own lease. Linnet would stay Fellgate's tenant and become the undertenant's landlord. Clause 5.6 allows an underlease of the whole floor only, with consent, at no less than the market rent, contracted out of the 1954 Act and forbidding further underletting. Lease 5.6 · Chapter 8 · see Alienation, Assignment
Explained in Chapter 8, Assignment and Underletting, of Commercial Leases.
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