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Licence to Assign

A Licence to Assign is given by a commercial landlord to his tenant, giving the tenant the right to transfer the lease to another tenant. The transfer of a commercial lease can only happen with the landlord's formal consent.

Whether you are a landlord, an outgoing tenant or a new tenant, our specialist commercial solicitors will be happy to handle all necessary paperwork and advise you on the legal requirements that must be fulfilled before a Licence to Assign can be granted.

Obtaining or Granting a Licence to Assign

An incoming tenant will be asked to provide certain details that will help the landlord assess his creditworthiness; for example, a new tenant may be asked to provide their last 3 years of accounts.

Once the landlord is satisfied with any references provided by the new tenant, he will give consent for the transaction via a Licence to Assign. The landlord's legal costs will usually be paid by the outgoing tenant, although sometimes a contribution is made by the new tenant.

Contact Business Lawyers Direct

If you have any questions about the licence to assign process, or you simply wish to make initial enquiries as a landlord, new or current commercial tenant.

Call Business Lawyers Direct today on or contact us via our online enquiry form and one of our senior solicitors will be pleased to discuss your requirements.

Business Lawyers Direct is a division of A.S. Matthews Limited which is authorised and regulated by the Solicitors Regulation Authority (561754). Registered office: 136 Park Lane, Whitefield, Manchester, M45 7PX. Company No: 7643746. VAT No: 116572715. Director: Andrew H. Kormornick.
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