Title Relocation or Sublease and Assignment Clause Samples
The "TITLE; RELOCATION OR SUBLEASE; AND ASSIGNMENT" clause governs the tenant's rights and obligations regarding the use, transfer, or modification of their leased premises. It typically outlines the conditions under which a tenant may relocate within the property, sublease the space to another party, or assign the lease to a new tenant, often requiring landlord approval and compliance with specific procedures. For example, the clause may specify notice periods, financial responsibilities, or criteria for acceptable subtenants or assignees. Its core function is to provide structure and control over changes in occupancy or use, protecting the landlord’s interests while offering tenants flexibility under defined circumstances.
Title Relocation or Sublease and Assignment. In paragraph 6.3, in line 5 before the word "However" add "Lessor agrees that it will not assign or transfer its interest hereunder or in any Schedule or Equipment to any person or entity that completes with Lessee's business."
2) Section 10. "LABELING" Delete the first sentence of this section in its entirety.
Title Relocation or Sublease and Assignment