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.
Virgin Islands Transfer Clause Containing a contractual Right for the Landlord to Withhold Consent
State:
Multi-State
Control #:
US-OL21013
Format:
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
Adults withholding consent Competent adults have an absolute right to withhold their consent to treatment for any reason, or for no reason at all. This is still true even if their refusal appears unreasonable or not in their own best interests.
The Lease Consents or Assignment clause makes the failure of the target to obtain those assignments and consents a condition to the acquirer closing on the acquisition.
: to refrain from granting, giving, or allowing. withhold permission.
Whenever consent or approval of either party is required, that party shall not unreasonably withhold, condition or delay such consent or approval, except as may be expressly set forth to the contrary.
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.
