Tenant Transfers Clause Samples

The Tenant Transfers clause governs the conditions under which a tenant may assign their lease or sublet the leased premises to another party. Typically, this clause outlines the requirements for obtaining the landlord’s consent, any restrictions on the types of transfers allowed, and may specify whether the landlord can withhold consent for certain reasons. For example, it might allow subletting only to financially qualified parties or prohibit transfers during the first year of the lease. The core function of this clause is to balance the tenant’s flexibility to transfer their leasehold interest with the landlord’s need to control who occupies the property, thereby managing risk and maintaining oversight of the premises.
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Tenant Transfers. Except as otherwise expressly provided in this Lease, Tenant or Subtenant may not Transfer its rights and/or obligations under this Lease and/or with respect to the Property, without the written consent of Landlord, in Landlord’s Permitted Discretion. Except with regard to Permitted Transfers and Subleases expressly permitted under this Article XV, Landlord shall have the option, upon receipt of a written request from Tenant for Landlord’s consent to Transfer this Lease with respect to any portion of the Property, to cancel this Lease with respect to the portion of the Property described in Tenant’s notice, as of the effective date of the proposed Transfer, and all obligations under this Lease as to such property shall expire except as to any obligations that expressly survive any termination of this Lease. The option of Landlord to cancel this Lease, as provided for above, shall be exercised, if at all, within thirty (30) days following Landlord’s receipt of written notice from Tenant of Transfer, by delivering written notice of Landlord’s intention to exercise the option to so cancel this Lease with respect to such property. In the event of a recapture by Landlord, if this Lease shall be terminated with respect to less than the entire Property, (i) the rent to be paid on the remainder of the Property shall be prorated on the basis of the fair market value of the property retained by Tenant in proportion to the fair market value of the entirety of the Property, and (ii) this Lease will be amended and continue thereafter in full force and effect. Upon request of either party, the parties shall execute written confirmation of the same. Notwithstanding the foregoing, in the event Landlord elects to terminate this Lease or portion thereof, Tenant shall have the option, within fifteen (15) Business Days after receipt of Landlord’s termination notice, to rescind Tenant’s Transfer request, whereupon this Lease shall remain in full force and effect.
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Tenant Transfers. Tenant shall have the right to sell, transfer, assign, and/or Sublease, in whole or in part, its rights and obligations in this Lease. Tenant’s right to sell, transfer, assign and/or Sublease shall be a continuing right and shall not be exhausted by a single exercise. In connection with any such sale, transfer, assignment or Sublease, the following shall apply:
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Tenant Transfers. Tenant shall not have any right to make or allow any Transfer without the prior written consent of Landlord, which may be given or withheld in Landlord’s sole and absolute discretion. ▇▇▇▇▇▇ acknowledges and agrees that ▇▇▇▇▇▇▇▇ will not approve a Transfer to a Prohibited Transferee. ▇▇▇▇▇▇ further acknowledges and agrees that, under the circumstances that this Lease is entered into by Landlord and Tenant, the restrictions in this Lease on Transfers are reasonable.
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Tenant Transfers. Notwithstanding sections 7.1-7.6, the Tenant acknowledges and agrees that, in accordance with the Housing Policy, the Landlord may terminate this Agreement and require the Tenant to transfer to an alternative available Rental Home, or to exchange Rental Home with another Tenant, if the Landlord in its sole discretion and acting reasonably deems such a transfer or exchange to be necessary as a result of an emergency or for ensuring that the Tenant’s Household Composition is in compliance with the National Occupancy Standards.
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Tenant Transfers. When an existing household transfers to a different unit within the same development, the newly-occupied unit adopts the status of the vacated unit. (The two units exchange status.) The date should reflect the anniversary of the tenant’s original move-in date. If on the 8609 the owner elected the building as not part of a multiple building project then transfers are only allowed within the building.
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Tenant Transfers 
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Related to Tenant Transfers

  • Subsequent Transfers The Supplier shall: not adversely affect pension rights accrued by any Fair Deal Employee in the period ending on the Service Transfer Date; provide all such co-operation and assistance as the Schemes and the Replacement Supplier and/or the Customer may reasonably require to enable the Replacement Supplier to participate in the Schemes in respect of any Eligible Employee and to give effect to any transfer of accrued rights required as part of participation under the New Fair Deal; and for the applicable period either after notice (for whatever reason) is given, in accordance with the other provisions of this Legal Services Contract, to terminate the Admission Agreement or any part of the Ordered Panel Services; or after the date which is two (2) years prior to the date of expiry of this Legal Services Contract, ensure that no change is made to pension, retirement and death benefits provided for or in respect of any person who will transfer to the Replacement Supplier or the Customer, no category of earnings which were not previously pensionable are made pensionable and the contributions (if any) payable by such employees are not reduced without (in any case) the prior approval of the Customer (such approval not to be unreasonably withheld). Save that this sub-paragraph shall not apply to any change made as a consequence of participation in an Admission Agreement.

  • Permitted Transfers The provisions of Section 8.1 shall not apply to (a) a transfer or an assignment of this Lease in connection with the sale of substantially all the original Tenant’s assets if: (I) such sale of assets occurs on an arms’-length basis, to an unrelated third party, and is for a bona fide business purpose and not primarily to transfer Tenant’s interest in this Lease; and (II) upon the consummation of the transfer or assignment, the transferee or assignee is, in the sole, but reasonable determination of Landlord (and its lender, if applicable), capable of satisfying all of Tenant’s obligations hereunder; (b) an assignment of this Lease to a successor to Tenant by merger, consolidation, reorganization or similar corporate restructuring or to an entity that controls, is controlled by, or is under common control with, Tenant; or (c) a subletting of the Premises or any part thereof. In the case of an assignment or sublease that is expressly permitted pursuant to (a) or (c) of this Section 8.3, Tenant shall nevertheless be required to provide Landlord with notice of such assignment or sublease and a true and complete copy of the fully-executed documentation pursuant to which the assignment or sublease, as applicable, has been effectuated within ten (10) business days after the effective date of such assignment or sublease. Any permitted transferee under (a) of this Section 8.3 shall execute and deliver to Landlord any and all documentation reasonably required by Landlord in order to evidence assignee’s assumption of all obligations of Tenant hereunder and to evidence the assignee’s compliance (or ability to comply) with (a)(II) above. Notwithstanding anything to the contrary contained in this Section 8.3, in no event may Tenant assign, mortgage, transfer, pledge or sublease this Lease to any entity whatsoever if, at the time of such assignment, mortgage, transfer, pledge or sublease, a Default has occurred and remains continuing under this Lease.