The following Property Q&A provides comprehensive and up to date legal information covering:
Freeholder (F) grants a 250-year lease (Lease) of premises to tenant (T1).
F then grants a lease of the reversion (LOR) of the premises for 249 years, to T2.
T1 wishes to vary the Lease.
T2 is happy for the Lease to be varied as per T1’s request.
There is nothing in the LOR which enables T2 to act as agent of F in agreeing to vary the Lease.
Does T1 require F's consent to vary the Lease?
On ordinary principles the parties to a lease may agree to vary it. See generally, Practice Note: Lease variations—surrender and re-gra
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