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Retail Leases Act 2003
63Landlord may reserve the right to refuse a sub-lease, mortgage etc.
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63 Landlord may reserve the right to refuse a sub-lease, mortgage etc.
A retail premises lease may contain a provision which allows the landlord an absolute discretion to refuse consent to—
(a) the grant of a sub-lease, licence or concession in respect of all or part of the retail premises; or
(b) the tenant parting with occupancy rights to all or part of the retail premises; or
(c) the tenant mortgaging or otherwise charging or encumbering the tenant's estate or interest in the lease.