Licences To Assign

Licences To Assign

A licence to assign is a landlord’s permission for a tenant (the assignor) in occupation under a lease to assign the lease to a new incoming tenant (the Assignee). It should be noted that this permission does not necessarily need to be in a formal deed.

Dealing with a licence to assign can not only be stressful, but highly disruptive. Whether you are an individual, entrepreneur, company or partnership, the process of dealing with a variation to the agreed terms of a commercial lease can be complex and time consuming. This is why it is important you are able to speak to legal experts who can provide all the guidance you need to emerge from a negotiation with the result you are after.

The team at Blackstone is highly experienced in dealing with all forms of contract law and we always work very closely with our clients to ensure we fully understand the issues faced by them or their business. By working together, we can ensure we devise a pragmatic solution that meets your commercial objectives.

Discuss your situation with the team today by calling us on 0345 901 0445. Alternatively, allow us to get in contact with you by filling in the online enquiry form on this page.

“I have used the team at Blackstone on several occasions and have the utmost regard for them. They have completed work for my business and have always produced more than satisfactory results. On a personal level I have used the Conveyancing department for several commercial and residential property deals and had my Wills and financial matters taken care of in a timely and professional manner. I can highly recommend the team at Blackstone.”

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We have helped both Landlords and Tenants in all aspects of their commercial lease. Our services include:

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For efficient commercial lease renewal, contact Blackstone solicitors on 0345 901 0445.

Landlords can take some solace in the fact that if the lease contains a condition requiring consent to be given by deed, then this is the only means to obtain permission to assign. In this case, the landlord, assignor, and assignee (together with any required guarantors) will all be parties to the licence, which is typically prepared in triplicate and distributed to each party upon completion.

A landlord may frequently want an indemnity clause in the licence, which requires the assignor and assignee to indemnify the landlord against all obligations, losses, costs incurred, and damages arising out of the licence. However, an assignor is likely to seek to limit the indemnity to reasonably incurred costs and expenses and to their own breaches.

The permission to assign granted by a licence normally expires three months after the licence is completed, during which time both the assignor and assignee may assign the lease. If no assignment occurs within the set time period, the licence will expire and the assignor will have to start anew.

We can help you today

At Blackstone, we pride ourselves on our tenacious approach to getting the results our clients are after. If you are involved in a lease assignment of any kind, get in touch and find out more about how our expert team can guide you through the process and achieve the best result possible.

We appreciate that lease renewal can be a cause of real stress and strain. However, we can help make the process as hassle free as possible thanks to our professionalism and determination to sort out your issue as quickly as we can.

Get in contact

For more information and to discover more about how we can assist you with a lease assignment, do not hesitate to get in touch. Simply give us a call on 0345 901 0445 and we can run through your situation, or if it is easier for you, fill in our online enquiry form and a member of our team will give you a call back as soon as they can.

We take on clients from throughout the UK, and regularly help those based in Manchester, London, Chester and Cheshire.

Get in Touch Today

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