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The Heads of Terms for a Licence to Assign outline the key commercial terms agreed between the landlord, tenant, and proposed assignee regarding the lease transfer, including conditions of consent, required documentation, and any guarantor or authorised guarantee agreement (AGA). These terms serve as a framework for drafting the formal licence and help ensure all parties are aligned before legal documentation is completed.




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They set out the main points agreed between the parties in advance, helping to avoid misunderstandings and streamline the drafting of the formal licence.

Generally, no — they are not legally binding unless specific provisions (such as confidentiality or exclusivity) are stated to be binding.

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