I hold two Legal Charges- restrictions- (Court ordered and Land Registered) on the Lease purchased by and held by a local Publican (private residence above). The Landlord has now vacated the premises and I have had notice from ?????????? Inns plc (subsiduary) that ' the lease holders are in breach of their covenant to pay rent and are in arrears, accordingly ?????????? Inns intend to foreit the lease their main Comapny. Upon possession they will apply to the Land Registry to have the title cancelled'.
Am I right in saying that they must have my consent (which will only be given if the monies are paid) before the Land Registry will consider cancelling this lease title.???
Thanks for any advice in advance,