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Question
Can a leaser sell the business I have leased for a remaining four years, without any notification
Hi Tina,
I'm afraid there's no way to know for sure without looking at the lease. However, I would *almost* guarantee that you must request landlord's consent to assign the lease. Virtually every commercial lease requires this.
Please look in your lease for the provisions titled Assignment, Change of Control, or Transfer to find the paragraphs you will have to review.
Hope this helps,
John Smiley
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Answers by Expert:
John Smiley
Expertise
I am a commercial lease negotiator who specializes in representing dentists, doctors and other professionals. I have represented every manner of tenant (retail, industrial, office, professional) and only negotiate on behalf of tenants. I can answer questions that deal with commercial landlord/tenant relationships, negotiating factors and strategies, process-oriented questions, and other matters that pertain to commercial landlord and tenant rights and obligations.
Experience
I am a commercial tenant representative, specializing in negotiations on behalf of doctors, dentists, chiropractors, and other professionals. I have been a real estate professional for 10 years and have negotiated over 600 commercial lease transactions or 20,000 lease amendments, almost all representing the tenant.
Education/Credentials
B.Mgmt. (Finance)
Real Estate License
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