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The BASICS Assignments and Subletting in Commercial Form

The BASICS Assignments and Subletting in Commercial Form

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we're often asked to review commercial leases here at the firm so we've started a series on Specialized segments within your commercial lease hi my name is Julia we I'm in real estate attorney here at the law offices of Peter and Brewer my practice is primarily real estate and lending law today I'm going to talk about the specific provision in your commercial lease that will govern subleasing and assignment normally leases contain a provision because if it were not expressly written out in the lease the default would be that the tenant could freely assign the remainder or some portion of their lease to another party obviously landlords want to control or have some ability to influence this process and so commercial leases often contain an approval provision which would require the tenant to notify the landlord of their intent to either subas or assign and therefore the landlord would have an opportunity to approve now the approval standard is one of reas

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