58Protection of assignors and guarantors

58 Protection of assignors and guarantors A former tenant who has assigned a retail shop lease in respect of a retail shop that was to continue to be an ongoing business, and any guarantor or covenantor of the former tenant, is not liable to pay to the landlord money in respect of amounts payable by the assignee if: (a) the former tenant gave the landlord and the proposed assignee a copy of the assignor's disclosure statement in accordance with section 56(c); and (b) the disclosure statement does not contain any information that is false, misleading or materially incomplete.