Michelle Foulerton, Florist Business sale, Windermere, Lake District
Obtaining or Granting a Licence to Sub-Let
If you are a commercial tenant, for example the leaseholder of a shop or warehouse unit, you can create an underlease that allows to sub-let the property to a new tenant. You would then effectively become the new tenant’s landlord, whilst remaining a tenant under the terms of your existing lease.
However, before you do this you must obtain the formal consent of your landlord, known as a licence to sub-let. This will only be granted if your landlord is satisfied with the references provided by the new tenant.
If you are a landlord and have been contacted by your tenant regarding a licence to sub-let, contact our experienced team of commercial solicitors for legal advice and guidance. We will handle all the paperwork on your behalf and make sure your business interests are protected.
Contact Business Lawyers Direct
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.
Any reference to partner in relation to a firm means a director of the Company or an employee or consultant of equivalent standing and qualification.
