Q: I have a qualified buyer for my business, my landlord isn’t sure if he wants to assign my lease. What are my options?
I notified my landlord of the sale of my business but he’s not sure if he wants to issue a new long term lease but I have a five year lease currently I said we can assign my lease to the new buyer but the la said he’s not sure if he wants another long term lease
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- Massachusetts
- (603) 696-5404
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- Answered
A: Your written lease should include a section concerning Assignments. Usually, consent to proposed assignments is stated that such consent shall not be unreasoanably withheld. Of course that is quite subjective. Please contact me at wamann@amburlaw.com if you want to explore further. Thank you.
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