TOP-LEGAL | Licence to Assign Lease Template

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A Licence to Assign is a formal legal document in which the landlord grants consent for the tenant to transfer (assign) their lease to a new party, subject to the conditions set out in the lease and the licence itself. It ensures the assignment is valid and the landlord's rights are protected, often including requirements such as an Authorised Guarantee Agreement (AGA) from the outgoing tenant.

Do you have any Question?

In most commercial leases, yes — landlord consent is typically required, and the lease will specify the conditions under which that consent must be sought and granted.

An AGA is a legal agreement where the outgoing tenant guarantees the incoming tenant’s lease obligations. It is often required by landlords as a condition of consenting to the assignment, especially in leases granted after 1996 under the UK Landlord and Tenant (Covenants) Act.

Area Of Law :

Property Law

Sector :

Corporate & Business Law

Category :

Private Law

Region :

Europe