297. Landlord's right to rent from subtenant.

Where commercial rent arrears recovery ('CRAR')1 is exercisable2 by a landlord3 to recover rent4 due and payable from a tenant5 ('the immediate tenant')6, the landlord may serve a notice7 on any subtenant8, which must state the amount of rent that the landlord has the right to recover from the immediate tenant by CRAR (the 'notified amount')9. When it takes effect, the notice transfers to the landlord the right to recover, receive and give a discharge for any rent payable by the subtenant under the sublease, until either:

  1.  

    (1)     the notified amount has been paid (by payments under the notice