Whether you need to exit a commercial lease early or are looking to take one over, our specialist solicitors manage the entire assignment process. We protect your interests, negotiate with landlords, and ensure a seamless, legally robust transfer.
A lease assignment is a three-party negotiation between the landlord, the outgoing tenant (Assignor), and the incoming tenant (Assignee). We have extensive experience acting for all parties, giving us a unique tactical advantage.
Secure a clean and complete exit from your lease obligations.
Ensure you understand exactly what you're taking on before you commit.
A successful lease assignment depends on getting the details right. Our solicitors have the specialist experience to protect you from the common pitfalls that can derail a transfer.
We manage the formal application to the landlord, ensuring all required information is provided promptly to avoid unreasonable delays or a refusal.
We advise outgoing tenants on their obligations under an AGA, which can make you liable for the new tenant's rent if they default. We work to minimise this risk.
For incoming tenants, we conduct a thorough review of the lease, title, and all associated documents to ensure there are no surprises waiting for you.
A landlord cannot "unreasonably" withhold consent, but they can refuse if the incoming tenant is not financially stable or if there is a breach of the lease. We manage the application process to maximise your chances of a successful consent.
An AGA is a document that most landlords will require you (the outgoing tenant) to sign. It makes you a guarantor for the incoming tenant, meaning you could be liable if they fail to pay rent. We can advise on the risks and negotiate its terms.
This is very common. The lease assignment is handled alongside the business sale. We can manage both aspects, including the legal transfer of assets and the assignment of goodwill, ensuring a coordinated and seamless transaction.
We conduct a full review of the commercial lease to ensure you understand all obligations, including repair costs (dilapidations), rent review clauses, and any restrictions on use. We also perform all necessary property searches.
Yes, unless properly documented. When taking over a lease, you typically inherit the repairing obligations. It is vital to have a Schedule of Condition prepared to document the property's state at the start, limiting your future liability.
This is a formal legal document from the landlord that grants permission for the lease to be assigned from the old tenant to you. We review this licence to ensure its terms are fair and do not place unreasonable obligations on you.
Whether you are exiting a lease or taking one on, protect your interests with specialist legal advice. Contact our expert team today.
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info@wildings-solicitors.co.uk
862-864 Washwood Heath Rd, Ward End, Birmingham, B8 2NG
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Wildings Solicitors are authorised and regulated by the Solicitors Regulation Authority (no. 552128). Wildings Solicitors is a trading name of Wildings Solicitors LLP, a limited liability partnership registered in England and Wales. Registration Number OC360274 registered office 862-864 Washwood Heath Road, Ward End, Birmingham, B8 2NG. A list of Directors is available from the registered offices. We do not accept service by email.
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