If you want to exit your lease by assigning it to someone else, or if you are taking an assignment of a lease, you will need the landlord’s agreement.
To assign a lease, a Licence to Assign has to be agreed. This is a document where the landlord consents to the assignment of the lease. There will also need to be an agreement between the current tenant and the new tenant dealing with the terms of the assignment. If you are the new tenant you will want the lease to be checked to ensure that it is suitable for your needs and that you understand the obligations you are taking on.
We offer this service at the fixed rates below:
Acting for landlord: £500
Acting for new tenant: as for negotiation of new lease (click here)
Acting for current tenant:
|Years of lease left to run||Up to £9,999||£10,000 to £19,999||£20,000 to £49,999||Over £50,000|
|Up to 5 years||£500||£700||£900||By negotiation|
|Over 5 years||£700||£900||£1100||By negotiation|
If you require searches please see our Property Searches Service.
* All prices exclusive of VAT and disbursements. Our fixed fees may not apply to certain more complex lease transactions – please ask us.
For more information regarding assignments generally, please click here.
If you are interested in using our services for the assignment of a lease, please call us on 0207 936 1967 (London Fleet Street Office) , 0121 5350012 (Birmingham Office), 0808 155 4870 (Salford Office) or 0161 615 5562 (Manchester Office) and ask to speak with one of our commercial property solicitors.