Business-rented property

A question about : Business-rented property

If selling a business in a rented property are there any costs involved in passing over the lease to the new owner? Who is liable to pay these costs?

Best answers:

• A bit more to it, the property owner may not approve the potential buyer if the covenant is not as good as yours.
  The LL already has you so he won't allow the lease to be transferred if the new owner of the business is higher risk, if he does then all his costs would be paid by you.
  If he doesn't then your option is to sublet, but that still leaves you liable to the LL if the new owner doesn't pay.