ASSIGNMENT AND SUB-LEASING. The Tenant shall not assign, mortgage, pledge or encumber this Lease or the demised premises, or sublet the whole or any part of the demised premises, without the Landlord’s prior written consent. In the event of such assignment of this Lease, or subletting, the Tenant shall nevertheless remain liable to the Landlord for the performance of all the terms and conditions contained in this Lease. Any assignee or sub-tenant shall be bound by and perform all of the terms and conditions herein by which the Tenant is hereby bound. An assignment or sub-lease shall not constitute a novation. Landlord may, at any time and without advance notice, assign this Agreement and, in so doing, shall transfer to Assignee all rights and powers contained herein. The Landlord shall be entitled to retain the Tenant’s security deposit under the terms and conditions set forth herein regardless of the assignment of this Lease or the sub-letting of the demised premises.
ASSIGNMENT AND SUB-LEASING. Tenant shall not assign, mortgage, pledge or encumber this Lease or the Premises without express written consent of Landlord. Tenant shall not sublet the whole or any part of the Premises without the express written consent of Landlord.
ASSIGNMENT AND SUB-LEASING. Tenant shall not assign, mortgage, pledge or encumber this Lease, or the demised premises, or sub-let the whole or any part of the demised premises without Landlord's prior written consent. Any sub-let intending to rent the premises must be approved in writing by the Landlord no less than sixty (60) days before the change in tenancy.
ASSIGNMENT AND SUB-LEASING. Tenant shall not assign this lease, nor may the house or any part of it be sub-let without Landlord's prior written consent.
ASSIGNMENT AND SUB-LEASING. Tenant shall neither assign this lease nor sublet the Subject Property without the prior written consent of the Landlord. Any unauthorized assignment or subletting of the Subject Property shall, at the option of the Landlord, be deemed a default. No permitted assignment or sub-lease shall relieve the Tenant of their obligation hereunder without the express written agreement of Landlord.
ASSIGNMENT AND SUB-LEASING. Lessee shall neither assign, transfer, sub-let or under-rent the leased property, nor any part thereof, without the previous written consent of Lessor, and subject to such terms as the Lessor might impose.
ASSIGNMENT AND SUB-LEASING. 13.01 The Tenant shall not assign, set over, transfer, sub-let or sub-lease, hypothecate, encumber or in any way deal with all or part of the Leased Space or Property to anyone for or during the whole or any part of the Term without the written consent first being obtained from the Landlord and such consent may be unreasonably withheld, notwithstanding any statutory or other provision to the contrary. The Tenant will pay the Landlord's reasonable costs for reviewing any request for consent hereunder.
ASSIGNMENT AND SUB-LEASING. During the term of the lease, your circumstances may change and you may want to sell your business and assign your lease or sub-let all or part of the premises. Your responsibilities if you assign your lease If you assign your lease the new tenant ‘takes over’ and assumes all your rights and responsibilities including rent and any other obligations under the lease from the date of assignment. Although the Act gives you a right to assign your lease, the landlord may withhold consent on reasonable grounds. Examples of reasonable grounds include: • if the landlord believes that the new tenant would not be able to meet their financial obligations; or • if the proposed use of the premises is contrary to the use permitted in the lease. You will need to write to the landlord seeking consent for assignment of the lease. If the landlord doesn’t reply within 28 days, you are entitled to assume the landlord has consented to the assignment. You may have to pay the landlord’s reasonable expenses for assessing a prospective tenant to take over your lease. Your responsibilities if you sub-lease your shop If you sub-let all or part of your premises you effectively become the landlord and the person you sub-let to is your tenant. Sub-leasing means that you will still be responsible under the lease to your landlord (for example, you may be liable for the rent if the sub-lessee does not pay). You will also have obligations to the person you sub-let to, for example, you will need to provide a tenant guide and disclosure statement to your sub-tenant. Your lease may include restrictions on sub-leasing. You should check your lease and seek advice as to its requirements on sub-leasing. You may need to write to the landlord seeking consent to sub-lease. If the landlord doesn’t reply within 28 days, you are entitled to assume the landlord has consented to the sub-lease. (See section 10 of the Act.) What you should do: • seek independent legal advice as to the requirements of the Act and your obligations on assignment or sub-leasing.
ASSIGNMENT AND SUB-LEASING. Tenant shall not assign, mortgage, pledge or encumber this Lease, or the demised premises, or sub-let the whole or any part of the demised premises without Landlord's prior written consent.
ASSIGNMENT AND SUB-LEASING. (1) Notwithstanding any other written law, a retail shop lease shall be taken to grant to the tenant a right to assign the lease, subject only to a right of the landlord to withhold consent to an assignment on reasonable grounds.
