Wisconsin Short Form Landlord Consent - Assignment of Office Lease

State:
Multi-State
Control #:
US-OL30042A
Format:
Word; 
PDF; 
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Instant download

Description

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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FAQ

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.

The landlord must consent to the assignment of the lease prior to the assignment. For example, Jake is renting a commercial property for his business from Paul for two years beginning January 2013 up until January 2015.

Although a landlord is not required to consent to a lease assignment, in some cases your lease will state that a landlord's consent will not be ?unreasonably? withheld. This is more common in commercial leases.

An assignment is when the tenant transfers their lease interest to a new tenant using a Lease Assignment. The assignee takes the assignor's place in the landlord-tenant relationship, although the assignor may remain liable for damages, missed rent payments, and other lease violations.

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.

In an assignment of lease, the new tenant will be responsible for paying rent to the landlord. What is the most common cause for breaching a lease? The rent isn't paid as agreed.

Removal from premises The landlord may not confiscate your personal belongings, turn off your utilities, lock you out of your apartment, or use force to remove you. If the small claims court judge rules in the landlord's favor, the judge may issue a court order requiring you to leave the property.

A percentage lease requires commercial tenants to pay to the landlord a set percentage of gross revenue earned from business conducted at the leased premises.

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Wisconsin Short Form Landlord Consent - Assignment of Office Lease