Almost every commercial lease will provide that before a lease can be assigned, the consent of the landlord must be obtained. If you have commercial premises associated with your business there are some very good reasons to make sure that the assignment of the lease is properly handled.
We recently acted for a commercial tenant. This client came to us with a big problem, which had only become obvious to them a year after the date of the sale of their business.
The commercial tenant had sold their business a year earlier and had assigned the lease of the business premises to the buyer. Things did not go smoothly.
The landlord set out the conditions upon which consent would be given.