SUBLETS AND ASSIGNMENTS Clause Samples

The "Sublets and Assignments" clause defines the conditions under which a tenant may transfer their lease rights or obligations to another party, either temporarily (subletting) or permanently (assignment). Typically, this clause outlines whether the landlord's consent is required, any procedures for requesting approval, and restrictions on who may assume the lease. For example, it may prohibit subletting without written permission or specify that the original tenant remains liable after an assignment. Its core function is to give the landlord control over who occupies or takes over the leased premises, thereby protecting their interests and maintaining oversight of tenancy arrangements.
SUBLETS AND ASSIGNMENTS a. Subject to the Landlord’s written consent, a tenant may sublet the Tenant’s right to occupy the apartment. b. A sublet occurs when a Tenant transfers to a third party (the “Subtenant”) the Tenant’s rights to occupy the apartment for a specified period of time, with the agreement that at the end of the sublet the Tenant reserves the right to reoccupy the apartment. One Sublet per academic term is permitted. An academic term is considered Fall, Spring or Summer term. c. In the case of a sublet, the Tenant remains obligated to the Landlord under the Lease and the Subtenant becomes obligated to the Tenant. The original Tenant remains liable for payment of rent and other obligations under the lease, including liability for any damages to the apartment, even if caused by the Subtenant. All lease rules apply to the Subtenant. d. A Lease Assignment occurs when a Tenant transfers all of the Tenant’s rights to occupy the apartment to a third party (the “Assignee”) for the entire Lease term. In an assignment the Tenant reserves no right to reoccupy the apartment. In the case of a Lease assignment, the Assignee becomes obligated to the Landlord under the Lease in place of the Tenant. Payments received prior to the completed assignment shall be credited to the Assignee. e. It is the responsibility of the Tenant to find their own Subtenant or Assignee, and to negotiate all lease terms and payments. f. The Landlord will not unreasonably withhold consent to a Tenant’s request for a Lease assignment or a sublet. The Landlord will consent to a Tenant’s request for a Lease assignment or sublet if all of the following are met: 1. The Tenant submits a completed request form to Ithaca Renting Company. Sublet Consent Request or Lease Assignment Request Forms are available at ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ under Forms or from the Rental Office. 2. In the case of an apartment having more than one Tenant, all of the remaining Tenants consent in writing to the Lease assignment or the Sublet and the written consent(s) are submitted to the Landlord; 3. A copy of the completed request form, having the original signatures of all Tenants named on the lease and the Assignee or the Subtenant must be delivered to Ithaca Renting Company. Electronic forms are permitted. 4. The proposed Assignee or proposed Subtenant has not been in the past a troublesome tenant to the Landlord or to any other Landlord for which Ithaca Renting Company acts as agent; and 5. The proposed Assignee or proposed Subtenant...
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Related to SUBLETS AND ASSIGNMENTS

  • Licenses and Assignments Except as otherwise permitted by the Secured Debt Agreements, each Assignor hereby agrees not to divest itself of any right under any Patent or Copyright absent prior written approval of the Collateral Agent.

  • SUBCONTRACTS and ASSIGNMENTS Except as may be set forth in the Special Provisions, the Contractor agrees not to subcontract, assign, transfer, convey, sublet or otherwise dispose of this Agreement or any right, title, obligation or interest it may have therein to any third party without prior written approval of H-GAC. The Contractor acknowledges that H-GAC is not liable to any subcontractor or assignee of the Contractor. The Contractor shall ensure that the performance rendered under all subcontracts shall result in compliance with all the terms and provisions of this Agreement as if the performance rendered was rendered by the Contractor. Contractor shall give all required notices, and comply with all laws and regulations applicable to furnishing and performance of the work. Except where otherwise expressly required by applicable law or regulation, H-GAC shall not be responsible for monitoring Contractor's compliance, or that of Contractor’s subcontractors, with any laws or regulations.

  • SUBLEASING AND ASSIGNMENT The Sublessee may not lease, sublease, or assign the Premises without the prior written consent of the Sublessor.

  • Transfers and Assignments You cannot assign or transfer any interest in your account unless we agree in writing.

  • Sublease and Assignment Tenant shall have the right without Landlord's consent, to assign this Lease to a corporation with which Tenant may merge or consolidate, to any subsidiary of Tenant, to any corporation under common control with Tenant, or to a purchaser of substantially all of Tenant's assets. Except as set forth above, Tenant shall not sublease all or any part of the Leased Premises, or assign this Lease in whole or in part without Landlord's consent, such consent not to be unreasonably withheld or delayed.