Schedule 12, paragraph 20(3)

The transferee covenants with the transferor that during the residue of the term granted by the registered lease the transferee and the persons deriving title under him will— where the rent reserved by the lease is apportioned, pay the rent apportioned to the part transferred, comply with the covenants and conditions contained in the lease so far as affecting the part transferred, and keep the transferor and the persons deriving title under him indemnified against all actions, expenses and claims on account of any failure to comply with paragraphs (a) and (b).

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Source: legislation.gov.uk · retrieved 2026-08-15