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PLAYBOOK TEMPLATES

Office Lease

An Office Lease establishes tenancy rights and obligations for commercial premises. This playbook analyzes rent structures, maintenance responsibilities, and default remedies.

Assignment and Subletting

Why This Matters: Unrestricted assignments can introduce unsuitable successors, while overly restrictive clauses hinder business flexibility.

Negotiation strategy

If you're the Landlord:

Negotiate for flexibility in assignment and subletting to accommodate business changes. Ensure that consent is not unreasonably withheld and that criteria for consent are clear and fair.

If you're the Tenant:

Maintain control over tenant transfers to protect property interests. Require detailed information on potential assignees and ensure conditions for consent are met.

Essential elements

1

Consent Requirement

Prior written consent needed.
2

Criteria for Assignees

Financial stability and reputation.
3

Tenant Liability

Liability post-assignment remains.

Action framework

ACCEPT

Propose edits if consent conditions are vague or overly restrictive.

EDIT

Reject if clause allows unrestricted assignments without landlord consent.

ADD

Add if clause is missing to prevent uncontrolled tenant transfers.

PRO TIP

Ensure the clause balances tenant flexibility with landlord control to protect property interests.

Example clauses

FAVORABLE

Reasonable Consent Clause

"The Tenant shall not assign this Lease or sublet the Premises without the prior written consent of the Landlord, which consent shall not be unreasonably withheld."
NEUTRAL

Basic Consent Clause

"The Tenant may assign or sublet with Landlord's consent, subject to conditions."
UNFAVORABLE

Unrestricted Assignment

"The Tenant may assign or sublet without Landlord's consent."

Fallbacks

High-Risk Tenants

For high-risk tenants, stricter criteria for assignees may be necessary to protect property interests.

Short-Term Leases

In short-term leases, flexibility in assignment may be more acceptable to accommodate tenant turnover.

Multi-Tenant Buildings

In multi-tenant buildings, maintaining a balanced tenant mix is crucial, requiring careful review of assignees.
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