Kirsty Jackson
August 16, 2022
It is very common for tenants of commercial leases to either want to, or perhaps need to, ‘get out’ of the lease. A common way of doing this is to ‘assign’ the lease to a new tenant (this may be the only option if there are no break options in the lease and the Landlord is unwilling to agree to a surrender). Kirsty Jackson, Head of our Commercial Property team, takes a look at whether a landlord has to consent when a tenant wishes to assign and what conditions they may be able to impose, but first, what does assigning a lease mean?