In different states, commercial leasing laws and standards may vary, as well as key lease provisions. One important lease provision is the tenant's right to assign their interest in the lease. Landlords typically restrict this right without their prior written consent, as it could potentially lead to a tenant that is unable to make payments or that the landlord does not trust. If the lease is silent on the tenant's right to assign, the answer will vary based on the state in which the premises are located.
Continue to full article