[QUOTE=asdf1234;10803760) The lease does not revert to the freeholder upon Stobart's demise otherwise it would be worthless security[/QUOTE]
Normally a commercial lease cannot be used as security against bank finance as it will have been entered into without a premium at an open market rental and thus has no intrinsic value. If a premium had been paid to obtain the lease from the freeholder it could have some value as security.