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Transfer of existing Leases

Most leases of commercial property grant the tenant the right to transfer the lease to another party.

The transfer of existing leases can be an effective way to end an agreement between a landlord and a tenant. As the lease is transferred to another party, the landlord will continue to receive payment of rent from the incoming tenant.

It is vital to seek expert legal advice to guarantee that you are following the correct procedures.

How can we help?

Here at Commercial Mattes, our specialist solicitors have represented clients across the UK who are seeking advice on the transfer of existing leases. We understand that all leases are different and we always provide a service tailored to your specific needs.

Whether you are taking over an existing lease or you are a landlord seeking advice on consenting to the transfer of existing leases, we can offer the legal representation that you need.

Our service is built on the experience and in-depth knowledge of our commercial conveyancing solicitors. We’ll always be available to discuss your case, providing you with clear commercial conveyancing advice every step of the way.

Transfer of existing Leases FAQ

What costs are involved in the transfer of existing leases?

If you are transferring an existing lease to a new tenant, you will normally be responsible for paying the your costs and those of the landlord.

In addition, you will need to cover the cost of finding the new tenant including commission charged by any agents you use.

What documents are needed for the transfer of existing leases?

There are two separate documents required to effect the transfer of existing leases. These are:

  • The Transfer (the document which passes ownership from the seller to the buyer)
  • The Licence to Assign (the document which the landlord enters into to consent to the transfer)

Our specialist solicitors can prepare the documentation that you need to ensure that the transfer of your lease runs smoothly.

Can a landlord reject the transfer of existing leases?

The consent of a landlord is normally required before the transfer of existing leases. Usually, consent cannot be unreasonably withheld by the landlord.

A landlord is entitled to be satisfied that the the new tenant is able to pay the rent and comply with the terms of the lease.

Discuss your circumstances with a specialist solicitor by calling us on 01282 695 400, or simply complete our easy contact form to book your free initial consultation.

Jayne Dewhurst – Padiham Group Practice

The service we received was first class, our business needs were fully met and we would highly recommend the services provided to anyone considering using Commercial Matters for their commercial conveyancing requirements.

Book your free consultation

Contact us to discuss the circumstances of your matter and we will provide a clear-cut quote based on your individual needs. Start the process today by booking your free initial consultation.

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