When a company is dissolved, its assets vest in the Crown as bona vacantia (literally, ownerless goods)—see section 1012 of the Companies Act 2006 (CA 2006). This applies not just to chattels but also to real property (including leases). The Crown will often disclaim its interest in the lease, bringing it to an end, under CA 2006, s 1013. By CA 2006, s 1015, disclaimer operates so as to terminate, as from the date of the disclaimer, the rights, interests and liabilities of the company in or in respect of the property disclaimed. The Crown does not accept liability under any tenant covenants including in respect of the payment