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How do I transfer a lease in NSW?

You can apply to the NSW Civil and Administrative Tribunal (NCAT) for an order that allows the transfer or sub-let. The Tribunal will decide if the landlords withholding consent is reasonable. You must apply to the Tribunal within 3 months of becoming aware that the landlord has withheld consent do not delay.

Can a tenant assign a lease without consent?

Can the Landlord refuse consent? If the lease is silent on assignments, the tenant is free to assign without the landlords consent.

Can a commercial lease be transferred?

In order to transfer a commercial lease, you will likely need to obtain the landlords permission. Failing this, you might be liable to face financial penalties. An assignment of a commercial lease is not always permitted by the landlord.

Can a lease be assigned to another party?

The process of assignment of a lease is essentially selling the lease to a third party (the assignee). If you are a commercial property tenant, your contract likely contains a clause that allows you to assign your lease to a new tenant. To do this, you will need to find a potential new tenant yourself.

Can a landlord refuse to assign a commercial lease?

Most commercial leases will include a provision which prohibits assignment without the landlords consent, and will prescribe the process the tenant needs to go through to secure this. What some landlords do not realise is that they can only refuse consent if they have very good reasons.

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Can I sell my business lease UK?

A leasehold business can be sold, however, to ensure that the commercial lease survives the business sale, you must meet landlord expectations and respect any restrictions set out in the tenancy agreement to allow for the successful assignment of the commercial lease.

What happens to a commercial lease when the landlord sells the property Ontario?

If the landlord sells the property before the end of lease then he or she must ensure that the buyer agrees to continue the existing rental agreement. The buyer, as a new landlord, must then comply with the agreement and cannot unlawfully force the tenant out before the end of the lease.

What is an assignment clause in a lease?

Every commercial lease contains an assignment provision that lays out the landlords and the tenants rights and obligations in the event that the tenant seeks to assign the lease.

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How do I transfer a lease in NSW?

Can a tenant assign a lease without consent?

Can a commercial lease be transferred?

Can a lease be assigned to another party?

Can a landlord refuse to assign a commercial lease?

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Can I sell my business lease UK?

What happens to a commercial lease when the landlord sells the property Ontario?

What is an assignment clause in a lease?

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