Underletting of part Clause Samples
The 'Underletting of part' clause governs whether and how a tenant may sublease only a portion of the leased premises to another party. Typically, this clause sets out conditions such as requiring the landlord’s consent, specifying which parts of the property may be underlet, and outlining any restrictions or procedures that must be followed. For example, a tenant leasing an entire office floor might wish to underlet a single office to a third party, but must comply with the terms set by this clause. Its core function is to give the landlord control over the subdivision and use of the property, preventing unauthorized or undesirable subtenants and maintaining oversight of the premises’ occupancy.
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Underletting of part. (A) The Tenant shall not underlet any part of the Premises, as opposed to the whole of the Premises, so as to create more than in conjunction with the Additional Premises three occupancies of the Premises or following the grant of the Additional Lease and subject to clause 13.2(B) below four occupancies.
(B) If this Lease and the Additional Lease are in separate ownership at any time during the Term, the Tenant shall not underlet any part of the Premises so as to create more than 3 occupancies of the Premises.
Underletting of part. The Tenant shall not underlet any part of the Premises.
Underletting of part. The Tenant shall not underlet part only of the Premises.
Underletting of part. The Tenant shall not underlet any part of the Premises other than on the following conditions:-
22.2.1 Each floor of the Premises shall not at any time be in the occupation of more than two (2) persons, the Tenant and any Group Company or Lazard Group Company (if applicable) which is permitted to share occupation under clause 20.2 counting as one; and
22.2.2 the part of the Premises to be underlet shall comprise a Subletting Unit only;
22.2.3 if the Landlord shall reasonably so require, the Tenant shall obtain a reasonably acceptable guarantor for any proposed undertenant and such guarantor shall execute and deliver to the Landlord a deed containing covenants by that guarantor (or, if more than one, joint and several covenants) with the Landlord, as a primary obligation, in the terms contained in Schedule 4 (with any necessary changes); and
22.2.4 the underlease shall incorporate an agreement, authorised beforehand by the Court, excluding sections 24 to 28 of the Landlord and ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇ in relation to such underlease.
Underletting of part. The Tenant may underlet a Permitted Part if:
(A) following the grant of the underlease, there will be no more than two occupiers of the whole or any part of the Premises; and
(B) the conditions set out in this clause 13 are satisfied; and
(C) the Tenant obtains the prior written consent of the Landlord, such consent not to be unreasonably withheld or delayed.
Underletting of part. The Tenant shall not underlet any part of the Premises without on each occasion procuring that:-
20.2.1 the Premises shall not at any time be in the occupation of more than 8 persons, the Tenant and any Group or Associated Company or Companies or Affiliates which is or are permitted to share occupation under clause 18.2 counting as one;
20.2.2 any underletting of part of a floor may only be on terms that the underlease incorporates an agreement, authorised beforehand by the Court, excluding sections 24 to 28 of the Landlord and Tena▇▇ ▇▇▇ ▇▇▇▇ ▇▇ relation to such underlease;
20.2.3 the part of the Premises to be underlet shall comprise a Subletting Unit only;
20.2.4 if the Landlord shall reasonably so require, the Tenant obtains an acceptable guarantor for any proposed undertenant and that such guarantor executes and delivers to the Landlord a deed containing covenants by that guarantor (or, if more than one, joint and several covenants) with the Landlord, as a primary obligation, in the terms contained in SCHEDULE 4 (with any necessary changes) or in such other terms as the Landlord may reasonably require;
20.2.5 the underlease contains provisions whereby the Tenant as landlord thereunder has a valid and unconditional option to determine the underlease at the same times and in the same manner as the Tenant's option to determine contained in this Lease; and
20.2.6 no separate floor may be underlet in part so as to create more than the number of Subletting Units set out below: Fifth Floor - One Fourth Floor - Three Mezzanine Floor - One Third Floor - Three Second Floor - Three First Floor Three Upper Ground Floor Three Ground Floor - Two Lower Ground Floor - Three (Provided that any such subletting is in conjunction with a subletting of an uppe▇ ▇▇▇▇▇) ▇▇▇▇▇▇▇▇ - ▇▇▇▇ Provided that if the Daily Express Building is let as serviced offices that will be treated as one underletting and the Daily Express Building may be further subunderlet in parts as required by the serviced office operator
Underletting of part. The Tenant shall not underlet any part of the Premises other than on the following conditions:-
22.2.1 the Premises shall not at any time be in the occupation of more than six (6) persons, the Tenant and any Group Company which is permitted to share occupation under clause 19.2 counting as one; and
22.2.2 there shall not at any time be more than two persons in occupation of any one floor of the Premises, the Tenant and any Group Company which is permitted to share occupation under Clause 19.2 counting as one; and
22.2.3 the part of the Premises to be underlet shall comprise a Subletting Unit only; and
22.2.4 if the Landlord shall reasonably so require, the Tenant shall obtain an acceptable guarantor for any proposed undertenant and such guarantor shall execute and 40 deliver to the Landlord a deed containing covenants by that guarantor (or, if more than one, joint and several covenants) with the Landlord, as a primary obligation, in the terms contained in SCHEDULE 3 (with any necessary changes) or in such other terms as the Landlord may reasonably require; and
22.2.5 the underlease shall incorporate an agreement, authorised beforehand by the Court, excluding sections 24 to 28 of the Landlord and Tena▇▇ ▇▇▇ ▇▇▇▇ ▇▇ relation to such underlease.
Underletting of part. 23.1.1 For the purpose of this clause, “Subletting Unit” means a part of the Premises which is capable of being occupied and used as a separate and self-contained unit with all necessary and proper services.