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Sort answer is yes and it happens all the time. You often reject potential purchasers as their financial positions, experience and ability to trade are not similar to that of the existing tenant. The existing tenant then has the option to take the sale but be named as guarantor for the new...

Yes it does. Just claimed on one last month. You need to issue the guarantor the same legal notifications as the tenant.

So long as the landlord agrees all leases may be altered or cancelled,

The aim for the outgoing tenant is to remove themselves completely from the lease. However, in an instance where the landlord is able to prove the incoming tenant is not of the same quality as the outgoing, they are able to keep the outgoing tenant either as" - the tenant with the new...