Licence to assign—new tenancy

The following Property precedent provides comprehensive and up to date legal information covering:

  • Licence to assign—new tenancy
  • 1 Definitions
  • 2 Interpretation
  • 3 Consent to assignment
  • 4 Consent to change of use
  • 5 Assignee’s covenants
  • 6 Tenant’s covenants
  • 7 Registration of the Assignment
  • 8 Restriction on consent
  • 9 Authorised guarantee agreement
  • More...

Licence to assign—new tenancy

Date: [date]

Parties

  1. 1

    [name of Landlord] [of OR incorporated in England and Wales with company registration number [number] whose registered office is at] [address] (Landlord)

  1. 2

    [name of Tenant] [of OR incorporated in England and Wales with company registration number [number] whose registered office is at] [address] (Tenant)

  1. 3

    [name of Tenant’s Guarantor] [of OR incorporated in England and Wales with company registration number [number] whose registered office is at] [address] (Tenant’s Guarantor)

  1. 4

    [name of Assignee] [of OR incorporated in England and Wales with company registration number [number] whose registered office is at] [address] (Assignee)

  1. 5

    [name of Assignee’s Guarantor] [of OR incorporated in England and Wales with company registration number [number] whose registered office is at] [address] (Assignee’s Guarantor)

    1. 1

      Definitions

      In this Licence, the following definitions apply:

      Assignment

      1. the assignment permitted by this Licence;

      [HM Land Registry Plan

      1. the plan annexed to this Licence and signed and dated by the Landlord, the Tenant, the Assignee[, OR and] [the Tenant’s Guarantor] [and the Assignee’s Guarantor];]

      Lease

      1. the lease of the Property dated [date] and made between (1) [the Landlord OR [name of Landlord] OR [name of original landlord]][, OR and] (2) [the Tenant OR [name of Tenant] OR [name of original tenant]] [and (3) [the Tenant’s Guarantor OR [name of Tenant’s Guarantor] OR [details of any other original party,

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