Assignment (transfer) of lease
A tenant who wants to leave their commercial premises and transfer the lease to a new tenant needs to ensure all the paperwork is handled properly, particularl if the transfer is connected with the sale of their business.
- the deed of assignment between the landlord, the outgoing tenant and their guarantor (if any) and the incoming tenant and their guarantor (if any).
- detailed commentary on the deed of assignment, which explains the document and allows you to understand the transaction, the deed and the relevant considerations that you need to know in order to negotiate the best outcome.
- letter of advice which sets out the steps you need to take in the correct order.