This office lease form contains a contractual right in the transfer clause for the landlord to withhold its consent for specific situations not usually prohibited under the reasonableness standard. The tenant shall neither assign the lease nor sublet all or a portion of the demised premises without the landlord's prior written consent. This form outlines the specific situation where the landlord may withhold such consent.
Texas Transfer Clause Containing a contractual Right for the Landlord to Withhold Consent
State:
Multi-State
Control #:
US-OL21013
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Word;
PDF
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How to fill out Transfer Clause Containing A Contractual Right For The Landlord To Withhold Consent?
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FAQ
The Assignment Clause In the event of a lease assignment, the original tenant relinquishes all the rights they held in the leasehold estate, transferring them to a new tenant. This means that they can no longer access the premises, and all stipulations of the original lease fall on the new party.
The phrase is typically used in assignment clauses: No Party may assign rights or obligations of this Agreement without the consent of the other Party, which consent shall not unreasonably be withheld or delayed.
DISTINCTION BETWEEN SUBLEASE AND ASSIGNMENT. A. Assignment. An assignment of a lease is the transfer by the tenant of its entire interest in the lease without material alteration or addition to the terms of the lease and without the tenant retaining any reversionary interest in the lease.
One of the most important elements of the franchise agreement is the transferability clause. The transferability clause spell out the terms under which a party can sell or otherwise transfer their interest in the franchise to another party.
You cannot withhold (not pay) your rent even if the landlord has failed to repair a condition that needs repair. Withholding rent will probably get you evicted in Texas.
