This office lease form states that the landlord, tenant and sublessee agree, subject to certain conditions, to the use of the premises. Subject to the conditions, they covenant and agree that during the term of the sublease (as that term may sooner expire or terminate pursuant to the terms thereof) to use the premises as agreed.
Illinois Landlord Consent to Sublease Restrictive Covenant in Favor of Tenant
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How to fill out Landlord Consent To Sublease Restrictive Covenant In Favor Of Tenant?
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Sublessee agrees that no amendment or modification of the Sublease shall be valid or enforceable unless and until the Lessor has specifically consented to such amendment or modification in writing, in each and every instance. Consent to Sublease.
The original tenant cannot assign more rights than it has under the original lease. For example, if the term of the lease is 1 year, the term of the assignment cannot be 2 years. Most leases will require the landlord's written consent before an assignment becomes effective.
Often, written leases prohibit the tenant from subletting the premises without the written consent of the landlord. Such consent can- not by withheld unreasonably, but the prohibition is enforceable under the law. If there is no such prohibition, then a tenant may sub- lease or assign his lease to another.
Protect yourself against lost rent and damages by collecting a security deposit and/or the first month's rent from your subtenant. Establish a convenient process for the subtenant to make monthly rent payments, ideally through automatic payments. Ensure that you can transfer these payments to your landlord promptly.
Landlord's consent Unless the lease says otherwise, the landlord will have an absolute right to refuse consent and need not give reasons for its refusal. However, most commercial leases will provide that the landlord's consent is not to be unreasonably withheld.
Whenever either Party requests any consent, permission, or approval which may be required or desired by that Party pursuant to the provisions of this Agreement, the other Party shall not unreasonably withhold or postpone the grant of such consent, permission, or approval.
Whenever consent or approval of either party is required, that party shall not unreasonably withhold, condition or delay such consent or approval, except as may be expressly set forth to the contrary.