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Transfer of Premises to Third Party

CategoryReal Estate

Clause TypeChange Effects

Definition

Tenant's ability to transfer their interests in the lease (by subletting or assignment)

Example

Tenant may not transfer, assign or sublease its leasehold estate or any portion thereof or any of its right, title or interest in this Lease (collectively, a Transfer) without the prior written consent of Landlord, which Landlord may withhold in its sole and absolute discretion.