Tenant Transfers Clause Samples
The Tenant Transfers clause governs the conditions under which a tenant may assign their lease or sublet the leased premises to another party. Typically, this clause outlines the requirements for obtaining the landlord’s consent, any restrictions on the types of transfers allowed, and may specify whether the landlord can withhold consent for certain reasons. For example, it might allow subletting only to financially qualified parties or prohibit transfers during the first year of the lease. The core function of this clause is to balance the tenant’s flexibility to transfer their leasehold interest with the landlord’s need to control who occupies the property, thereby managing risk and maintaining oversight of the premises.
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Tenant Transfers. Except as otherwise expressly provided in this Lease, Tenant or Subtenant may not Transfer its rights and/or obligations under this Lease and/or with respect to the Property, without the written consent of Landlord, in Landlord’s Permitted Discretion. Except with regard to Permitted Transfers and Subleases expressly permitted under this Article XV, Landlord shall have the option, upon receipt of a written request from Tenant for Landlord’s consent to Transfer this Lease with respect to any portion of the Property, to cancel this Lease with respect to the portion of the Property described in Tenant’s notice, as of the effective date of the proposed Transfer, and all obligations under this Lease as to such property shall expire except as to any obligations that expressly survive any termination of this Lease. The option of Landlord to cancel this Lease, as provided for above, shall be exercised, if at all, within thirty (30) days following Landlord’s receipt of written notice from Tenant of Transfer, by delivering written notice of Landlord’s intention to exercise the option to so cancel this Lease with respect to such property. In the event of a recapture by Landlord, if this Lease shall be terminated with respect to less than the entire Property, (i) the rent to be paid on the remainder of the Property shall be prorated on the basis of the fair market value of the property retained by Tenant in proportion to the fair market value of the entirety of the Property, and (ii) this Lease will be amended and continue thereafter in full force and effect. Upon request of either party, the parties shall execute written confirmation of the same. Notwithstanding the foregoing, in the event Landlord elects to terminate this Lease or portion thereof, Tenant shall have the option, within fifteen (15) Business Days after receipt of Landlord’s termination notice, to rescind Tenant’s Transfer request, whereupon this Lease shall remain in full force and effect.
Tenant Transfers. Tenant shall have the right to sell, transfer, assign, and/or Sublease, in whole or in part, its rights and obligations in this Lease. Tenant’s right to sell, transfer, assign and/or Sublease shall be a continuing right and shall not be exhausted by a single exercise. In connection with any such sale, transfer, assignment or Sublease, the following shall apply:
Tenant Transfers. Tenant shall not have any right to make or allow any Transfer without the prior written consent of Landlord, which may be given or withheld in Landlord’s sole and absolute discretion. ▇▇▇▇▇▇ acknowledges and agrees that ▇▇▇▇▇▇▇▇ will not approve a Transfer to a Prohibited Transferee. ▇▇▇▇▇▇ further acknowledges and agrees that, under the circumstances that this Lease is entered into by Landlord and Tenant, the restrictions in this Lease on Transfers are reasonable.
Tenant Transfers. Notwithstanding sections 7.1-7.6, the Tenant acknowledges and agrees that, in accordance with the Housing Policy, the Landlord may terminate this Agreement and require the Tenant to transfer to an alternative available Rental Home, or to exchange Rental Home with another Tenant, if the Landlord in its sole discretion and acting reasonably deems such a transfer or exchange to be necessary as a result of an emergency or for ensuring that the Tenant’s Household Composition is in compliance with the National Occupancy Standards.
Tenant Transfers. When an existing household transfers to a different unit within the same development, the newly-occupied unit adopts the status of the vacated unit. (The two units exchange status.) The date should reflect the anniversary of the tenant’s original move-in date. If on the 8609 the owner elected the building as not part of a multiple building project then transfers are only allowed within the building.
Tenant Transfers