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.
Kentucky Landlord Consent to Sublease Restrictive Covenant in Favor of Tenant
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US-OL30042B
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How to fill out Landlord Consent To Sublease Restrictive Covenant In Favor Of Tenant?
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FAQ
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.
Yes, subletting is legal in Kentucky. A sublessor can rent a leased unit to a new tenant as long as the landlord consents.
If the lessee transfers his or her entire remaining interest in the tenancy, then the transfer is known as an assignment. If the lessee transfers only part of his or her interest, then the transfer is known as a sublease.
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.
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.
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.
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.