Licence to Assign or Sublet (UK)

Landlord Name *

Landlord Address *

Companies House Number

Registered at Companies House (if applicable)

Landlord Email

Tenant Name *

Tenant Address *

Property Address (the Demised Premises) *

Full address of the property that is the subject of the lease

Lease Date

Lease Term Description

Current Annual Rent (GBP)

Current passing rent under the lease (per annum, exclusive of VAT)

Transaction Type *

The Tenant proposes to assign the entire remaining term of the lease to a new party.

Assignee Name *

Assignee Address *

Assignee Email

Proposed Date of Transaction

The intended completion date of the assignment or subletting

Authorised Guarantee Agreement (AGA) Required

The Tenant will be required to enter into an Authorised Guarantee Agreement under s.16 of the Landlord and Tenant (Covenants) Act 1995, guaranteeing the Assignee's performance of the lease covenants.

Landlord's Legal Costs (GBP)

Reasonable legal and surveyor's costs incurred by the Landlord in connection with this licence (plus VAT)

References Required

References to be provided by the proposed assignee or subtenant before completion

Permitted Use

The use to which the assignee or subtenant may put the premises

Special Conditions

Tenant Covenants

Assignee Covenants

Governing Law

Important: Under the Landlord and Tenant Act 1988, the landlord owes a statutory duty to give consent to a qualifying application within a reasonable time, unless it is reasonable to refuse. Unreasonable withholding or delay may give rise to a claim in damages by the tenant.

Note: This licence is governed by the Landlord and Tenant Act 1927 (s.19), Landlord and Tenant Act 1988 and the Landlord and Tenant (Covenants) Act 1995. Both parties should consider taking independent legal advice before execution, particularly regarding SDLT implications and the effect of an Authorised Guarantee Agreement.