Licence To Change Use Of Commercial Property And Assign Old Lease
Publisher one
Genie AIJurisdiction
England and WalesCost
Free to useRelevant sectors
Type of legal document
🏡 Licence to assignBusiness activity
Change use of propertyA licence to assign is a legal document that allows the holder of a property to transfer their interest in the property to another person. The licence to assign must be in writing and signed by both parties.
The document covers various aspects including the identity of the parties, the property details, and the existing lease agreement. It addresses the conditions under which the change of use is permitted and the obligations and responsibilities of both the licensor (current lease holder) and the licensee (new tenant).
The template also outlines the process for obtaining any required consents or permissions from relevant parties, such as the landlord or local authorities. It includes provisions regarding any necessary financial adjustments, such as rent, rates, and service charges, which may arise from the change of use.
By using this template, the licensor and licensee can ensure that all legal requirements are met, minimizing the risk of future disputes and ensuring a smooth transition in the use of the commercial property. This document is specifically tailored for use under UK law and can be customized to suit the unique circumstances of the parties involved.
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