chapter  4
14 Pages

Sale, Sublettings, Alterations and Use

This means that the lease can be sold (as a whole) on the open market without the need for the landlord’s permission or any other restrictions. This makes good sense. As it is the lessee who will own almost all the equity (capital value) of the residential unit, there is no reason why a ground landlord should expect the right to control how and by whom the unit is occupied. But there are exceptions.