Legal Due Diligence · glossary
The clauses in a lease that control who may hold or deal with it, for example by assigning or subletting. On a share sale the company stays the tenant, so the landlord's consent is needed only if the lease says so. Neither Sunrise lease required it. Report §11.1 · Chapter 11
Explained in Chapter 11, Litigation, Tax and the Rest, of Legal Due Diligence.
The main page for this term is Alienation, in Commercial Leases.
So the landlord's consent is needed only if the lease says so. Check the alienation clauses, which control who may hold or deal with the lease. Look for a change-of-control clause too (Chapter 7). Neither Sunrise lease has one, so the deal needs no consent.Read Chapter 11, Litigation, Tax and the Rest →
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