This office lease form illustrates the landlord consent in the form of a short letter from the landlord to its tenant, the sublessor.
This office lease form illustrates the landlord consent in the form of a short letter from the landlord to its tenant, the sublessor.
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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.
You must ask permission from the landlord if you wish to sublet or to assign your unit. It is important to ask for permission in writing so that you have proof that you made the request if there is any dispute later on.
'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.
Assignment clauses are an important part of commercial leasing. They provide successful tenants an opportunity to sell their businesses and provide failing businesses the possibility of finding replacement tenants in order to avoid breaching their leases.
When making a request for consent to assign a lease, the Tenant should include all relevant information about the proposed assignee, to enable the Landlord to make a decision. Relevant information is likely to include company details, audited accounts and references.
You cannot be evicted without notice. The landlord cannot change the locks or shut off your utilities to make you leave. Most of the time, a landlord needs to go to court before evicting you.
This letter should be sent once the landlord has considered the tenant's application for consent to assign and has decided to allow the assignment to go ahead. If the landlord has decided to withhold consent to the assignment, the Refusal of Consent Letter should be used instead.
The landlord may enter the premises without consent of the tenant in case of emergency. ?Emergency? means a sudden, generally unexpected occurrence or set of circumstances demanding immediate action.