In out initial lease agreement there is a clause that says lessors' consent must be obtained before assigning the lease. Lessor is not traceable and has not collected lease rent for 25 yrs. Can we assign the lease to somebody else inspite of this clause ? Will there be a problem with registering this lease assignment ?
We are lessees . We want to assign the lease by deed of assignment . There is a clause that says lessee's can assign the lease but consent of the lessor is needed. Lessor is not traceable for the last 25 yrs. Can we assign or not ?