Right To Assign & Sublease
A tenant is free to assign its lease of commercial premises (or sublet them) unless the lease provides otherwise. It is common for commercial leases to stipulate that the tenant will not assign the lease or sublet the premises without the landlord's prior written consent. Generally, leases also state that the landlord's consent is not to be unreasonably withheld.
When it is reasonable for a landlord to say "no"? When can a landlord be compelled to consent?
Read the full article here: Can a Landlord Just Say No - January 24- 2014
The information contained in this article is provided for general informational purposes only and does not constitute legal advice. No recipient of this content should act, or refrain from acting, based on any information included without seeking appropriate legal or other professional advice on the particular facts and circumstances at issue.
