Assignment Of Tenancy

Assignment Of Tenancy-24
Assignment by Tenant (a) Tenant acknowledges that Landlord has relied both on the business experience and creditworthiness of Tenant and upon the particular purposes for which Tenant intends to use the Properties in entering into this Lease.Any (i) assignment, sublease, transfer, conveyance, pledge or mortgage by Tenant, whether voluntary or involuntary, whether by operation of Law or otherwise, of any part or all of this Lease, or of any part or all of the leasehold estate created by this this Lease, or any interest herein, or (ii) any assignment, transfer, conveyance, pledge or mortgage of any stock, partnership, membership or other direct or indirect equity interests in Tenant, Guarantor or any Person or group of Persons controlling Tenant or Guarantor that results in a direct or indirect change of control of Tenant, whether voluntary or involuntary, whether by operation of law (for example, by merger) or otherwise, is defined in this Agreement as a “Transfer”.A new tenancy is not created and the assignee becomes a tenant, not a lodger in possession or any other type of occupant.

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For all other family members, you’ll need to show they have lived with you for the last 12 months.

You'll only need to provide six copies of utility bills and payslips to cover the 12 month period.

All requests to the landlord for consent to assigning this Lease or subletting or parting with the possession of all or part of the herein demised premises shall be made to the Landlord in writing together with such information in writing as a Landlord might reasonably require respecting a proposed assignee, including without limitation, the name address, nature of business experience and responsibility and financial responsibility, standing and background of such proposed assignee and, in the event that such proposed assignee is a corporation, similar information respecting the principal shareholders of such corporation.

Any assignee, sub-tenant, licensee or concessionaire approved by the Landlord shall be bound by all the terms, conditions, covenants, provisos, and agreements of this Lease and shall, at the request of the Landlord, execute a covenant to such effect.

For example, if the assignee is your grandchild, you'll need to provide the birth certificates for them and their parent that is your child.

The following documents can be used as evidence to show the assignee lives with you: For husbands, wives and civil partners, you only need to provide evidence showing they currently live at the property.

Tenant shall not assign or sublet any interest in this Lease without prior written consent of the Landlord, which consent shall not be unreasonably withheld.

Any assignment or sublease without Landlord’s written prior consent shall, at Landlord’s option, terminate this Lease.

A person who takes over a tenancy by assignment becomes responsible for any existing breaches of the tenant’s obligations e.g.

rent arrears, and has to perform those obligations from the date he becomes tenant.


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