It is usually the case with Commercial Leases that a Tenant is unable to assign, sub-let, underlet, alter, or change the use of premises without the prior written consent of the Landlord.
Depending on the type of consent that is sought there are different statutory provisions that apply, which include time limits to adhere to. Further, if there is a charge against the property it is likely that the Lender would need to consent to the proposal.
If you receive a request for consent from your Tenant, or intend on making a request to your Landlord, do not hesitate to get in touch so that we can guide you through the process.
A few recent projects that our team have been involved in which incorporated the above are:
- A new 10-year Lease of a fitness studio, including a Rent Deposit Deed and Licence for Alternations for a new start-up company; and
- A new 5-year Lease of a retail unit in High Chelmer shopping centre with an associated Licence for Alterations.