Business Tenancies (Fair Dealings) Act 2003
57Information about financial standing of proposed assignee
Start here
Get a plain-English read of 57
Turn the raw legal text into a practical explanation grounded in Business Tenancies (Fair Dealings) Act 2003.
57 Information about financial standing of proposed assignee (a) the tenant may, at the time of making the request for the landlord's consent to the assignment of the lease, provide the landlord with information concerning the financial standing and business experience of the proposed assignee; (b) on receipt of a request for his or her consent to an assignment of the lease, the landlord may, if no information concerning the financial standing and business experience of the proposed assignee is provided by the tenant, request the tenant to provide him or her with that information; (c) the tenant must provide the landlord with information under paragraph (b) that the landlord reasonably requires.