SUBLET OR ASSIGN Clause Samples

SUBLET OR ASSIGN. Tenant shall not assign this lease or sublet the premises or any portion thereof, or transfer possession or occupancy thereof to any other person or persons without the prior written consent of the Landlord or his Agent. Tenant understands that when an assignment, sublet or releasing is approved, tenant is responsible for those charges associated with the procurement and approval of the replacement tenant.

SUBLET OR ASSIGN. The Tenant will not sublet, assign or re-lease the Premises without the consent of the management. Permission to sublet or assign shall not be unreasonably withheld:

SUBLET OR ASSIGN. The LESSEE shall have the right, during the term of this Lease, to sublet all or a portion of the premises, or to assign this Lease, either in whole or in part, but no such subletting or assignment shall release the LESSEE from any of the obligations under the terms of this Lease, and the LESSOR shall, at all times, have the right to look to the LESSEE for the performance of all of the covenants to be performed on the part of the LESSEE. Provided, however, that: 1) if the assignment or sublease is for retail grocery store purposes, then, effective the first day of the first month of the effective date of such subletting or assignment, the minimum annual rent, payable under paragraph 6.A. hereof, shall be adjusted to an amount equal to ninety percent (90%) of the average annual total of minimum rent plus percentage rent payable by LESSEE pursuant to paragraphs 6.A. and 6.B. hereof for the three (3) years next preceding the effective date of such subletting or assignment; and 2) any assignment or subletting for any use of the premises other than that of a retail grocery store shall be sub- ject to LESSOR'S approval, which shall not be unreasonably withheld. Provided, further, that in such latter event, the following rules shall apply: A. any such proposed assignment or sublease shall be reduced to writing, signed by the proposed assignee or sublessee and by LESSEE; B. such written instrument shall expressly state that it is entered into subject to the rights of LESSOR, as set forth in this para- graph, and that if LESSOR elects to cancel this Lease, the parties thereto recognize and agree that neither LESSEE nor said proposed assignee or sublessee shall have any further rights or duties under said written agreement, which shall terminate upon the termination of this Lease; C. LESSEE shall furnish a copy of said instrument to LESSOR; ▇. ▇▇▇▇▇▇ shall have the option, exerciseable by LESSOR furnishing written notice of exercise thereof to LESSEE within sixty (60) days after LESSOR'S receipt of a copy of such instrument, to terminate this Lease. If LESSOR so elects to terminate this Lease, neither LESSOR nor LESSEE shall have any further rights or duties here- under; E. if LESSOR fails to exercise such option within said sixty (60) day period, then the agreement between LESSEE and said proposed assignee or sublessee shall be effective in accordance with the terms and provisions set forth in such instrument. If LESSEE and such proposed assignee or sublessee do no...

SUBLET OR ASSIGN. That the Tenant may not sublet or assign or transfer its interest in this Lease without securing the written consent of the Landlord, which consent will not be unreasonably withheld, provided, however, that if the consent is granted, the Tenant shall remain liable for all the Tenant's obligations under this Lease. Notwithstanding this paragraph 6.11, the Landlord consents to the immediate subletting of the Demised Premises to The Fanshawe College of Applied Arts and Technology provided that The Fanshawe College of Applied Arts and Technology enters into a sublease agreement with the Tenant under the terms of which it agrees to be bound by the terms of this Lease as if it had originally executed this Lease with the Landlord.

SUBLET OR ASSIGN. A. Tenant shall have no right to sublet or assign, expressed or implied, without written consent of Landlord. B. Landlord shall have the right to sell or convey the Premises or to assign its rights, title and interest as Landlord under this Agreement in whole or in part, however, the sale, conveyance or assignment shall be subject to the terms and conditions of this Agreement. In the event of any such sale or assignment other than a security assignment, Landlord shall be relieved, from and after the date of such transfer or conveyance, of liability for the performance of any obligation of Landlord contained herein, except for obligations or liabilities accrued prior to such assignment or transfer.

SUBLET OR ASSIGN. The Resident named in this agreement is responsible for all rent and utilities owing during this fixed term resi- dency. The Resident is allowed to sublet or assign their room with approval from the Resident Coordinator. The Resident must provide the Resident Coordinator with one month’s notice of subletting or assigning and the name, contact information, and two professional references (employer or previous landlord) of the prospective subletter. The subletter must send the deposit to the Resident Coordinator before the references are checked. If the Res- ident Coordinator answers applicant questions, shows the room, or is involved beyond checking references, processing the deposit, and signing a residency agreement, then the 2 month’s rent penalty will apply. If an applicant approved by the Resident is declined by the Resident Coordinator then the Resident has one more chance to find a suitable applicant. If the second applicant is declined and the Resident terminates their res- idency early then the 2 month’s rent penalty will apply. At the end of the fixed term the Resident or the sub- letter/assignee is responsible to complete cleaning and vacate the premises by 1 pm on the day specified.