Tenant's Request to Assign Lease - Template Form Pro · NG-law

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Dear Sir/Madam,

RE: APPLICATION FOR CONSENT TO ASSIGN LEASEHOLD INTEREST IN THE PROPERTY SITUATE AT ________

§1. Introduction. I, the undersigned Tenant/Lessee, hereby formally apply for your written consent, as Landlord/Lessor, to assign the unexpired residue of my term in the leasehold interest held by me in the property situate at and known as ________ (the “Property”), to ________ of ________ (the “Proposed Assignee”).

§2. Particulars of the Lease.

1. The Deed of Lease/Tenancy Agreement in respect of the Property is dated ________ (the “Lease”), and was duly executed between the parties.
2. The term created by the Lease commenced on ________ and is due to expire on ________.
3. The annual/periodic rent reserved under the Lease is ________, payable in the manner stipulated therein.
4. The unexpired residue of the term which I propose to assign is for the period of ________.

§3. Reasons for the Proposed Assignment. I intend to deliver up vacant possession of the Property on ________ for the following reason(s):

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§4. Right to Assign and Consent Not to be Unreasonably Withheld.

1. By the covenant contained in the Lease, I am permitted to assign my leasehold interest subject to first obtaining your written consent.
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§5. Particulars and Undertaking of the Proposed Assignee.

1. The Proposed Assignee, ________, is a person of good standing and is of full capacity to take an assignment of the leasehold interest.
2. The Proposed Assignee has expressly agreed and undertaken to be bound by, observe and perform all the covenants, conditions, obligations and stipulations contained in the Lease for the remainder of the term, including the punctual payment of rent and outgoings.
3. Particulars, references and such other information concerning the financial standing and suitability of the Proposed Assignee as you may reasonably require shall be furnished to you upon request, namely: ________.

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§7. Continuing Liability. It is acknowledged that, save as may be otherwise agreed in writing, my liability under the Lease in respect of obligations accruing prior to the date of completion of the assignment shall subsist until the said date, and the Proposed Assignee shall assume all obligations accruing thereafter.

§8. Request for Written Consent. Should you have any enquiries regarding this application or require further particulars concerning ________, kindly contact me by telephone on ________ or by electronic mail at ________.

§9. I look forward to receiving your written consent to the proposed assignment at your earliest convenience, and in any event within a reasonable time. I thank you for your kind consideration of this request.

Yours faithfully,

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(Tenant/Lessee)