Lessor May Assign Clause Samples
The "Lessor May Assign" clause gives the lessor the right to transfer their interest in the lease to another party without needing the lessee's consent. In practice, this means the property owner can sell or assign their rights and obligations under the lease to a new owner or entity, and the lessee must continue to honor the lease terms with the new lessor. This clause is important because it provides flexibility for the lessor to manage or dispose of their property interests, ensuring that their ability to sell or restructure ownership is not hindered by the lease agreement.
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Lessor May Assign. Prior to the date of issuance of CSC for the Building, the Lessor shall not sell, transfer, assign, novate or dispose of the whole or any part of the Premises and/or the Lessor’s interest under this Lease without the prior written consent of the Lessee (such consent not to be unreasonably withheld, conditioned or delayed).
Lessor May Assign. Lessor shall have the right to transfer and assign, in whole or in part, all its rights and obligation hereunder and in the Complex and property referred to in this Lease, and in such event and upon its transferee's assuming Lessor's future accruing obligations hereunder, no further liability or obligation shall thereafter accrue against Lessor under this Lease.
Lessor May Assign. The Lessor may assign, novate or deal with any of its rights and liabilities under this Agreement on terms it deems fit. The Lessor may (but is not obliged to) notify the Lessee of any such dealing under this clause.