- jimmyboyMember@jimmyboyJoin Date: 2008Post Count: 4
I have a question to ask in relation to commercial leasing.
I am looking to lease a retail shop which has a single bedroom dwelling attached at the rear of the premise. Is it possible for me to lease out the dwelling? must this be stated in the terms of the contract?
Any help on this matter would be great.
Thank you in advance.
JimTerrywParticipant@terrywJoin Date: 2001Post Count: 16,213
You will generally need permission to sub-lease out party. Have a read of the lease agreement, it will probably be covered.Scott No MatesParticipant@scott-no-matesJoin Date: 2005Post Count: 3,856
It would be extremely rare to find a lease which would allow subletting without reference to the Lessor. In the commercial sense, the lessor may also need to seek mortgagee consent to the subletting as well.rickypleasMember@rickypleasJoin Date: 2010Post Count: 22
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Most commercial leases will state that you can sublease with Lessor consent, however the lessor cannot reasonably withhold such consent. Definitely something you need to make sure is covered in the lease agreement if you intend on doing it.jameschancelorMember@jameschancelorJoin Date: 2010Post Count: 1