Assigning Lease, Subleases and Surrenders of Leases
There are three ways for a Tenant to dispose of the Lease, all of which will require the Landlord’s consent.
Assigning a Lease
In effect this is selling the Lease to a third party, who then becomes the Tenant.
Subleases (also known as Underleases)
This is where the tenant grants a lease from the lease it is tenant under.
Again there are numerous considerations to take on board. Ellis Jones’ Commercial Property Team have the knowledge and experience to advise on all stages of the process of subletting a property.
Surrenders of Lease
An agreement between the Landlord and the Tenant that the Lease should come to an end.
Our experts have the knowledge and experience to advise on all stages of the processes involved to dispose of a Lease.