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.
King Washington Transfer Clause Containing a contractual Right for the Landlord to Withhold Consent
State:
Multi-State
County:
King
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
Unreasonably withholding consent occurs when a landlord denies a tenant's request without valid or fair justification. This practice can lead to disputes between landlords and tenants and often violates the principles outlined in the King Washington Transfer Clause Containing a contractual Right for the Landlord to Withhold Consent. It's essential for both parties to understand their rights and obligations to maintain a harmonious rental relationship.
'Withhold consent' refers to a landlord's right to deny a tenant's request for specific actions, such as subleasing or making alterations to the property. Under the King Washington Transfer Clause Containing a contractual Right for the Landlord to Withhold Consent, landlords can justify their refusal based on reasonable considerations. Understanding this clause is crucial for both landlords and tenants.
The good news is that the holdover clause (like all contractual terms) is negotiable. So, make your best offer, both to interested parties and to the brokerage.
Many legal documents, such as leases and contracts for deed, contain a transfer clause that states in effect that the property may be transferred only with the owner's consent, which consent shall not be unreasonably withheld. There is no acceptable definition of what is unreasonable.
over clause in a commercial lease typically provides that if a tenant remains in possession of the leased premises after the expiration of the stated lease term, the tenant must pay rent to the landlord in an amount substantially in excess of the rental rate at the end of the term often as high as 150 percent
One of the most important clauses to negotiate in a commercial real estate lease is the holdover clause, sometimes called the holdover provision or the holdover rent clause.
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.
Definition of hold over (Entry 2 of 2) intransitive verb. : to continue (as in office) for a prolonged period. transitive verb. 1a : postpone, defer.
Unreasonably Refused means unreasonably withheld or delayed Provided always without limitation that where the subject matter has a materially adverse impact on the School Land or the development thereof or rights benefiting or to benefit the School Land the Developer and the County Council hereby agree that the County
Many legal documents, such as leases and contracts for deed, contain a transfer clause that states in effect that the property may be transferred only with the owner's consent, which consent shall not be unreasonably withheld. There is no acceptable definition of what is unreasonable.
