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Commercial Lease Assignment from Tenant to New Tenant Montana Form

Commercial Lease Assignment from Tenant to New Tenant Montana Form

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[Music] no matter what type of business you may have when it comes time for your company to sign a new lease it's important to pay close attention to the provisions concerning assignment and subletting also called subleasing from the tenant perspective the vast majority of commercial leases will have no right to terminate the lease early outside of a situation where the premises have been destroyed so in the event your company needs to get out of the lease before the expiration of the lease term assignment or sub leasing will likely be your only option these provisions will also ordinarily apply in the event that the company is sold whether it be by sale of the equity or sale of assets at the outset it is important to understand the distinction between an assignment of a lease and the subleasing of a lease a true assignment involves the tenant assigning 100 of its interest in the lease to a third party with the added benefit that the tenant is released from any further obligati

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