Hi legal peeps,
Quick question, I gave my shop to a shoe trader for 300 pounds per month and my solicitor created a lease for 10 years with them, the shoe trader has been there 2 years and wants to sell his shoe business for 20K. Does the new owner have to pay me the remainder 8 years of the lease before I transfer it or can the shoe trader simply sell his business as long as the new buyer keeps paying the rent? Thanks.
Quick question, I gave my shop to a shoe trader for 300 pounds per month and my solicitor created a lease for 10 years with them, the shoe trader has been there 2 years and wants to sell his shoe business for 20K. Does the new owner have to pay me the remainder 8 years of the lease before I transfer it or can the shoe trader simply sell his business as long as the new buyer keeps paying the rent? Thanks.