This office lease form contains a contractual right in the transfer clause for the landlord to withhold its consent for specific situations not usually prohibited under the reasonableness standard. The tenant shall neither assign the lease nor sublet all or a portion of the demised premises without the landlord's prior written consent. This form outlines the specific situation where the landlord may withhold such consent.
Kings New York Transfer Clause Containing a contractual Right for the Landlord to Withhold Consent refers to a specific provision included in a lease agreement that outlines the conditions under which a tenant can transfer their leasehold interest to another party. This clause gives the landlord the power to grant or withhold consent for the proposed lease transfer or assignment. In Kings New York, several types of Transfer Clauses with a contractual Right for the Landlord to Withhold Consent are commonly used: 1. Absolute Consent Clause: This type of clause allows the landlord to withhold consent for any reason, without providing justification or explanation. The landlord has complete discretion to either approve or deny the tenant's request for lease transfer or assignment. 2. Reasonable Consent Clause: In this scenario, the landlord can withhold consent but is required to act reasonably. The clause may specify certain factors that the landlord can consider in granting or denying consent, such as financial stability, creditworthiness, or the proposed tenant's ability to fulfill the lease obligations. 3. Commercial Reasonableness Clause: With this type of clause, the landlord can withhold consent only if it is commercially reasonable to do so. The determination of commercial reasonableness considers factors such as the proposed tenant's business reputation, financial capability, and compatibility with the property and existing tenants. 4. No-Unreasonable-Withholding Clause: This variation of the clause imposes an obligation on the landlord to not unreasonably withhold consent. The landlord must have justifiable grounds to deny the tenant's request and cannot act arbitrarily or capriciously. 5. Good-Faith Clause: This type of Transfer Clause requires the landlord to make decisions regarding consent in good faith. They must consider and evaluate the proposed tenant's credentials objectively and cannot act solely based on personal preferences or biases. Landlords include these Transfer Clauses in lease agreements to maintain control over the tenant mix, preserve property value, and ensure that any proposed transfers align with the property's standards. It is crucial for tenants to review and understand the specific Transfer Clause in their lease to determine the landlord's rights to withhold consent and the circumstances under which they can seek consent.Kings New York Transfer Clause Containing a contractual Right for the Landlord to Withhold Consent refers to a specific provision included in a lease agreement that outlines the conditions under which a tenant can transfer their leasehold interest to another party. This clause gives the landlord the power to grant or withhold consent for the proposed lease transfer or assignment. In Kings New York, several types of Transfer Clauses with a contractual Right for the Landlord to Withhold Consent are commonly used: 1. Absolute Consent Clause: This type of clause allows the landlord to withhold consent for any reason, without providing justification or explanation. The landlord has complete discretion to either approve or deny the tenant's request for lease transfer or assignment. 2. Reasonable Consent Clause: In this scenario, the landlord can withhold consent but is required to act reasonably. The clause may specify certain factors that the landlord can consider in granting or denying consent, such as financial stability, creditworthiness, or the proposed tenant's ability to fulfill the lease obligations. 3. Commercial Reasonableness Clause: With this type of clause, the landlord can withhold consent only if it is commercially reasonable to do so. The determination of commercial reasonableness considers factors such as the proposed tenant's business reputation, financial capability, and compatibility with the property and existing tenants. 4. No-Unreasonable-Withholding Clause: This variation of the clause imposes an obligation on the landlord to not unreasonably withhold consent. The landlord must have justifiable grounds to deny the tenant's request and cannot act arbitrarily or capriciously. 5. Good-Faith Clause: This type of Transfer Clause requires the landlord to make decisions regarding consent in good faith. They must consider and evaluate the proposed tenant's credentials objectively and cannot act solely based on personal preferences or biases. Landlords include these Transfer Clauses in lease agreements to maintain control over the tenant mix, preserve property value, and ensure that any proposed transfers align with the property's standards. It is crucial for tenants to review and understand the specific Transfer Clause in their lease to determine the landlord's rights to withhold consent and the circumstances under which they can seek consent.
