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Hello my name is Alex and I will help you with this.
When you say leaseholder pulls the plug, you mean gives notice to quit?
If so the answer is yes.
Once the leaseholder gives notice to the Landlord the Landlord can issue a new lease to the licencee
That gives the licencee the lease and can rent out the premises.
Can I clarify anything for you about this today please?
The Landlord sold the lease and put Kathy and Anton in to run the pub the pub was starting to do well but the Lease holder pulled the plug due to non payment of bills but when he then paid the bills he decided it cost too much so pulled the Plug after 5 months Cathy and Anton wish to carry on trading as they live on the premises and having given up their house to do this they have nowhere else to go. we are aware that the lease may be bought by the licencee but they do not have the fund