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A freeholder granted a 15 year commercial lease of a property in 2012 to a newsagent.
The newsagent subsequently assigned the lease to a clothing retailer.
The clothing retailer assigned the lease to a chemist.
The chemist assigned the lease to a bookstore.
All the assignments were made with the landlord’s consent.
For the assignment to the clothing retailer, the freeholder required an authorised guarantee agreement from the newsagent.
Similarly, the freeholder required an authorised guarantee agreement from the chemist when the lease was assigned to the bookstore.
The bookstore has failed to pay the latest quarter’s rent.
Apart from the bookstore, from whom can the freeholder recover the outstanding rent?
A. The chemist, the clothing retailer and the newsagent.
B. The chemist only.
C. The clothing retailer only.
D. The newsagent only.
E. The chemist and the newsagent only.
B - The chemist only.
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