- Sub-lease, assignment Sample Clauses
The sub-lease and assignment clause governs whether and how a tenant may transfer their leasehold interest to another party, either by sub-leasing the premises or assigning the lease entirely. Typically, this clause outlines the conditions under which the landlord’s consent is required, any restrictions on transfer, and the process for requesting approval. Its core function is to give the landlord control over who occupies or takes over the leased property, thereby protecting their interests and ensuring the suitability of future tenants.
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- Sub-lease, assignment. 18.1 This Lease Deed may not be assigned by the Lessor without the prior written consent of the Lessee except that the Lessor has the right to sell/ assign/ transfer/ gift etc. the Leased Premises subject to the purchaser/ third party being bound by all the terms and conditions of the Lease Deed/ other necessary documents signed by the Lessor and the Lessee. Lessor shall not sell/ transfer/ assign/ gift etc the Leased Premises or any parts thereof unless a duly executed copy of the Lease agreement (being the duplicate of this Lease Deed) is executed and registered (costs to be borne by the Lessor) by the purchaser/ third party with the Lessee. AND PROVIDED that such sale/ transfer/ assignment/ gift etc. shall not i) adversely prejudice The Lessees' right to enjoy the Premises or any part thereof. And or if The Lessee reasonably believes that such purchaser/ third party would jeopardize The Lessee's interest in the Lease and or such purchaser/ third party is a competitor of The Lessee; ii) be to any purchaser/ third party who is not of good social standing. Lessor shall remain bound to The Lessee for all rights of The Lessee and obligations of the Lessor arising out of the Lease Deed upto the date of the Lease agreement with the purchaser/ third party. All expenses arising out of/ resulting from the sale etc of the Leased Premises or part thereof will be borne by the Lessor.
18.2 Lessor shall ensure that the Leased Premises will be sold to a maximum of 4 (Four) purchasers/ third parties (one floor to one purchaser/ third party/ group of persons on joint owner ship basis). It is clarified that a floor may be sold to a group of persons on joint ownership basis.
18.3 Any attempted assignment in contradiction of this provision shall be null and void. Lessee may, at its discretion, sub Lease/ assign its rights, interests or obligations under this Lease Deed, in whole or in part, to any third party including a Lessee affiliated entity viz. its subsidiaries, parent or group/ associated companies without the prior written consent of the Lessor.
- Sub-lease, assignment. 5.1 The Lessee shall at no time acquire ownership of the leased Equipment, nor shall the Lessee acquire any title or right to the Equipment other than the right to lease the Equipment in accordance with the terms of this Agreement.
5.2 The Lessee shall not sub-lease any Equipment or assign its rights under this Agreement or any of the Equipment covered by this Agreement to any other party without the prior written consent of the Lessor.
5.3 The Lessee shall not pledge, hypothecate, mortgage, encumber or in any manner dispose of Equipment leased under this Agreement.
5.4 The Lessee shall not remove, hide or alter any identifying marks and/or serial numbers marked or affixed to the Equipment.
- Sub-lease, assignment. The Company shall have assigned the sub- -------------------- lease entered into between the Company and V.O.F. B.P.S. Beton (the "Sub-Lease") to Chalud B.V. prior to Closing.
- Sub-lease, assignment. The CLIENT shall not sublet the Demised Premises or any part thereof to any other person.
- Sub-lease, assignment. It is mutually understood and agreed that lessee intents to sub-lease the premises for the purpose of providing temporary housing to individuals served by Lessee. Such individuals are hereinafter referred to as “Occupants.” Lessee shall provide the name of authorized Occupants to Lessor prior to their occupying the Premises. Lessee shall run background check on all prospective Occupants to determine suitability of Occupant to meet the obligations of the sub-lease. Lessee shall cause prospective assigned Occupants to complete Lessor’s application of occupant and provide a copy of such application to the resident manager of the Premises.
- Sub-lease, assignment. Lessee is not permitted to sublet, assign, or grant use or possession of the Premises without the prior written consent of Lessor, which consent shall not be unreasonably withheld, and then only in accordance with this Lease. Specifically, Lessee shall not permit any other people to become roommates or otherwise live or stay at the Premises on a regular basis.