Lease Assignment

In the absence of any express restriction, a lease is freely assignable (transferable to another party) or may be sub-let.

However, most commercial leases contain restrictions on the tenant’s ability to assign or sub-let the lease. This enables the landlord to keep control over the identity of the tenant and to check that it is likely to be able to meet its commitments under the lease.

We advise both landlords and tenants on these issues.