Sublet and Assignment Clause Samples
The Sublet and Assignment clause governs a tenant's ability to transfer their lease rights or obligations to another party. Typically, this clause outlines the conditions under which a tenant may sublease the premises or assign the lease, often requiring the landlord's prior written consent and sometimes specifying criteria for approval. Its core function is to give the landlord control over who occupies or assumes responsibility for the leased property, thereby protecting their interests and maintaining oversight of tenancy arrangements.
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Sublet and Assignment. Tenant may not sublet Property in whole or in part or assign this Lease without the prior written consent of Landlord. This Lease shall create the relationship of Landlord and Tenant between the parties hereto; no estate shall pass out of Landlord and this Lease shall create a usufruct only.
Sublet and Assignment. Tenant must not sublet the premises or assign any interest in this lease without La▇▇▇▇▇▇’▇ written consent (not to be unreasonably withheld). If Landlord gives written consent, Landlord must also provide Tenant with an appropriate sublease form.
Sublet and Assignment. Tenant must not sublet the premises or assign any interest in this lease without ▇▇▇▇▇▇▇▇’s written consent (not to be unreasonably withheld). If Landlord gives written consent, Landlord must also provide Tenant with an appropriate sublease form. The landlord reserves the right to charge a fee of up to $200.00 per sublet or per substitution on one tenant for another on the lease.
Sublet and Assignment. Park District shall not sublet the Leased Premises, in whole or in part, nor assign this Lease or any part thereof, without first obtaining the written consent of the City. At the expiration, or termination, of this Lease, Park District shall surrender the Leased Premises to the City in as good a condition as the Leased Premises was in on the date Park District took possession thereof, ordinary wear and tear excepted.
Sublet and Assignment. The tenant may not sublet the premises or any part thereof without the express written permission of the landlord, which permission shall not be unreasonably withheld, provided the following conditions precedent are met:
a) Such request to sublet or assign shall be in writing setting forth the following:
1) The names and addresses of the principals of the proposed assignment;
2) The background and experience of the proposed assignee with respect to the use set forth in this Lease;
3) Evidence of financial responsibility including such financial statements as landlord may require; and
4) If use differs from use provided for in the Lease, then landlord must approve the sub-tenant's use. All of the foregoing are required so that landlord may be in a position to determine whether or not the requested consent should be given, it being the intention of the landlord that the proposed assignee shall conduct business on a quality standard similar to the standards of the tenant.
b) Each assignment or sublease of this Lease shall be accompanied by an agreement in writing, executed by the assignee or sublessee, for the benefit of the landlord, wherein the assignee or sublessee shall assume all the duties and obligations of the tenant herein. In the event said subtenant or assignee is a corporation or partnership, the principals of said entity shall execute a personal guarantee of the terms of the Lease.
c) Said agreement executed by the assignee or sublessee shall be deposited with the landlord with five (5) days of the making of the assignment or sublease.
d) Assignment or sublease of this Lease agreement shall in no way operate to release the assignor or sublessor from the obligation of the tenant herein. its interest may appear, but otherwise in the form herein above provided, shall be deemed a compliance with the provision of its covenant as acceptable to the landlord.
Sublet and Assignment. 18.1 Licensee may not sublet any part of the Premises.
18.2 Licensee shall not assign this License or permit the Premises or any part thereof to be used by others without the prior written consent of University, which consent shall be in the sole discretion of University.
18.3 Any attempted sublicense or assignment of this License without the prior written consent of University shall be void and shall be grounds for immediate termination of this License.
Sublet and Assignment. Subtenant may not sublet the Subleased Premises in whole or in part or assign this Sublease without the prior written consent of Tenant and Landlord. This Sublease shall create the relationship of Tenant and Subtenant between the parties hereto; no estate shall pass out of Tenant and this Sublease shall create a usufruct only.
Sublet and Assignment. 261 Tenant may not sublet the Leased Property in whole or in part or assign this Lease without the prior written consent of 262 Landlord.
Sublet and Assignment. The Tenant shall not enter into, consent to, or permit any Transfer without the prior written consent of the Landlord in each instance, which consent shall not he unreasonably withheld but shall be subject to the Landlord’s rights under Section 15.3. Notwithstanding the foregoing, the Tenant shall have the right, without the written consent of the Landlord, to enter into, consent to, or permit a Transfer to an Affiliate of the Tenant, provided the Tenant advises the Landlord in writing prior to the Transfer and provided the Tenant remains jointly and severally responsible, without benefit of division or discussion, with the transferee for any and all obligations of the Tenant under the Lease, in no event, shall the Tenant enter into, consent to, or permit a Transfer to a third party which is not an Affiliate of the Tenant, whose use of the Premises would be in conflict with any then existing exclusivity in the Building.
Sublet and Assignment. Lessee shall not sublet the Premises or any part thereof, nor assign this Lease without prior written consent of Lessor, which may be withheld in its sole discretion.