‘Yim Tin Fook v Yu Chor Lai: the Milmo rule and overlong sub-leases’

INTRODUCTION
Hong Kong law long treated a purported sub-lease that exhausted, or appeared to exhaust, the grantor’s remaining term as an assignment rather than a true sub-lease. On the traditional reasoning associated with Milmo v Carreras, a tenant who left no reversion could not create a tenancy held of that tenant, so the law re-characterised the transaction as an assignment of the residue … (more)

[Michael Lower, Hong Kong Land Law Blog, 4 May 2026]

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