This office lease form is a clause stating the conditions and situations under which the tenant may not act without written consent of the landlord.
This office lease form is a clause stating the conditions and situations under which the tenant may not act without written consent of the landlord.
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The original tenant cannot assign more rights than it has under the original lease. For example, if the term of the lease is 1 year, the term of the assignment cannot be 2 years. Most leases will require the landlord's written consent before an assignment becomes effective.
Required Landlord Disclosures in Pennsylvania Under Pennsylvania law, landlords must disclose specific information to tenants (usually in the lease or rental agreement), such as the name and address of the banking institution where the security deposit is kept.
An assignment clause is defined as a contract clause that determines whether the transfer of rights or obligations for all or part of a leased space can be re-assigned from the original lessee to a third party, and under what conditions such an action could take place.
'Assigning' a lease simply means transferring your lease to another person so that they become the new tenant. Once the assignment has taken place the lease continues to exist and the new tenant becomes liable for all of the tenant's obligations in the lease.
While an assignment divests the assignor of his or her rights in the leased property, unless the landlord consents to the assignment, notice the assignor remains liable to the landlord for rent and any other obligations set forth in the lease agreement.
Pennsylvania's Landlord Tenant Act (68 P.S. §§ 250.101?250.60) protects both tenants and landlords by establishing basic rules for renting residential property.
In Pennsylvania, a landlord must give reasonable notice before entering a property ? usually, 24-hours advanced notice.
A tenant can make a written request at any time to assign their tenancy to someone else. The request should include the contact details of the person being proposed to take over the tenancy. Alternatively, the landlord can find a replacement tenant, although they don't have to do this if they don't want to.