Common use of Prohibition Against Subletting and Assignment Clause in Contracts

Prohibition Against Subletting and Assignment. This Lease Agreement may not be a. The requesting party shall obtain written consent from all remaining Lessees to the assignment or subletting to the proposed assignee or subtenant; b. The proposed Lessee (whether by assignment or sublease) completes and submits a rental application for review and approval by Lessor; c. The remaining Lessees and the proposed new Lessee (whether by assignment or sublease) execute an agreement in the form required by the Lessor confirming in writing the assignment or sublease, the disposition of the deposit and the continuation of the obligations of all parties under this Lease Agreement; and d. The requesting Lessee submits, together with the foregoing documentation, a processing fee of $250.00 per person for review and consideration of the assignment of the entire Lease Agreement or $50.00 per person for review and consideration for subleasing. Within five (5) days after the submission of all of the foregoing documents and required fee, Lessor shall either approve or disapprove of the subletting and assignment request in writing and mail notice of that election to Lessee. Failure to obtain Lessor’s written consent to any subletting or assignment shall constitute a default in the performance of this Lease Agreement and subject the remaining Lessees to a notice of termination. In addition, the requesting Lessee shall remain responsible for the performance of all the terms of this Lease Agreement including all financial obligations should the Lessor’s consent not be given. Upon approval by Lessor of subletting or assignment, the sub-lessee or assignee shall become jointly and severally liable for all terms of the Lease Agreement, and shall be responsible for taking the Premises in the “as-is” condition upon the date the sublease or assignment is approved.

Prohibition Against Subletting and Assignment. Lessee shall not sublet or assign any portion of the premises or any right under this agreement without the prior written consent of the Lessor, which consent will not be unreasonably withheld. This Lease Agreement may includes but is not belimited to subletting for the summer months. Any assignment or subletting without the prior written consent of Lessor shall be void, and at the option of Lessor, shall allow Lessor to terminate this agreement. If Lessee wishes to assign or sublet an interest in this agreement or a portion of the premises, Lessee must comply with the following requirements to allow Lessor the opportunity to review and reasonably determine whether to consent to such request: a. The requesting party shall obtain written consent from all remaining Lessees to the assignment or subletting to the proposed assignee Lessee or subtenant; b. The proposed Lessee (whether by assignment or sublease) completes shall complete and submits submit a rental application for review and approval by Lessor; c. The remaining Lessees and the proposed new Lessee (whether by assignment or sublease) shall execute an agreement in the form required by the Lessor confirming in writing the assignment or sublease, the disposition of the deposit sublease and the continuation of the obligations of all parties under this Lease Agreementlease agreement; and d. The requesting proposed Lessee submitsshall submit, together with the foregoing documentation, a processing fee of $250.00 per person 105.00 for review and consideration of the assignment of the entire Lease Agreement sublease or $50.00 per person 165 for coordination, review and consideration for subleasingof the lease assignment. Within five seven (57) days after of the submission and completion of all of the foregoing documents and the required fee, Lessor shall either approve or disapprove of the subletting and assignment request in writing request. Lessee and mail notice of sublessee understand that election at least one Lessee from original lease agreement must be present to Lessee. Failure to obtain Lessor’s written consent to any subletting or assignment shall constitute a default in pick up keys and complete the performance of this Lease Agreement Inventory and subject the remaining Lessees to a notice of termination. In addition, the requesting Lessee shall remain responsible for the performance of all the terms of this Lease Agreement including all financial obligations should the Lessor’s consent not be given. Upon approval by Lessor of subletting or assignment, the sub-lessee or assignee shall become jointly and severally liable for all terms of the Lease Agreement, and shall be responsible for taking the Premises in the “as-is” condition upon the date the sublease or assignment is approvedCondition Report.

Prohibition Against Subletting and Assignment. This Lease Agreement may not bebe assigned. The Premises may not be sub-let in whole or in part without prior written consent from Lessor. If Lessee, or one of the individuals comprising Lessee, wishes to assign or sublet an interest in this Lease Agreement or a portion of the Premises, Lessee must comply with the following requirements in order to allow Lessor the opportunity to review and reasonably determine whether to consent to such request. The requirements of the Lessee are as follows: a. The requesting party shall obtain written consent from all remaining Lessees to the assignment or subletting to the proposed assignee or subtenant; b. The proposed Lessee (whether by assignment or sublease) completes and submits a rental application for review and approval by Lessor; c. The remaining Lessees and the proposed new Lessee (whether by assignment or sublease) execute an agreement in the form required by the Lessor confirming in writing the assignment or sublease, the disposition of the deposit and the continuation of the obligations of all parties under this Lease Agreementlease agreement; and d. The requesting Lessee submits, together with the foregoing documentation, a processing fee of $250.00 per person for review and consideration of the assignment of the entire Lease Agreement or and/or $50.00 per person for review and consideration for subleasing. Within five (5) days after the submission of all of the foregoing documents and required fee, Lessor shall either approve or disapprove of the subletting and assignment request in writing and mail notice of that election to Lessee. Failure to obtain Lessor’s written consent to any subletting or assignment shall constitute a default in the performance of this Lease Agreement and subject the remaining Lessees to a notice of termination. In addition, the requesting Lessee shall remain responsible for the performance of all the terms of this Lease Agreement including all financial obligations should the Lessor’s consent not be given. Upon approval by Lessor of subletting or assignment, the sub-lessee sublessee or assignee shall become jointly and severally liable for all terms of the Lease Agreement, and shall be responsible for taking the Premises in the “as-is” condition upon the date the sublease or assignment is approved.