SCHEDULE 7Right to manage: statutory provisions
Covenants not to assign etc.
1
(1)
Section 19 of the Landlord and Tenant Act 1927 (c. 36) (covenants not to assign without approval etc.) has effect with the modifications provided by this paragraph.
(2)
Subsection (1) applies as if—
(a)
the reference to the landlord, and
(b)
the final reference to the lessor,
were to the RTM company.
(3)
Subsection (2) applies as if the reference to the payment of a reasonable sum in respect of any damage to or diminution in the value of the premises or neighbouring premises belonging to the landlord were omitted.
(4)
Subsection (3) applies as if—
(a)
the first and final references to the landlord were to the RTM company, and
(b)
the reference to the right of the landlord to require payment of a reasonable sum in respect of any damage to or diminution in the value of the premises or neighbouring premises belonging to him were omitted.