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Form #1190rental agreement addendum - Rights of landlord upon attempted assignment or sublease
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Free to use: form regarding the rights of landlord upon attempted assignment or sublease.
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Rights of landlord upon
attempted assignment or sublease.
A. [Note: Under this form, the lessee can be forced to
surrender the entire leasehold upon an attempted assignment or sublease of all
or any part of the premises.] Before entering into any assignment of this lease
or into a sublease of all or part of the premises, lessee shall give written
notice to lessor identifying the intended assignee or sublessee by name and
address and specifying the terms of the intended assignment or sublease. For a
period of 30 days after such notice is given, lessor shall have the right by
written notice to lessee to terminate this lease as of a date specified in such
notice, which date shall not be less than 30 days nor more than 60 days after
the date such notice is given by lessor. If lessor so terminates this lease,
lessor may, if it elects, enter into a new lease covering the premises with the
intended assignee or sublessee on such terms as lessor and such person may
agree or enter into a new lease covering the premises with any other person; in
such event, lessee shall not be entitled to any portion of the profit, if any,
which lessor may realize on account of such termination and reletting. From and
after the date of such termination of this lease, lessee shall have no further
obligation to landlord under this lease, except for matters occurring or
obligations arising under this lease prior to the date of such termination.
B. [Note: Under this form, tenant can be forced to
surrender only that portion of the leasehold that is attempted to be assigned
or sublet.] Before entering into any assignment of this lease or into a
sublease of all or part of the premises, lessee shall give written notice to
lessor identifying the intended assignee or sublessee by name and address and
specifying the terms of the intended assignment or sublease. For a period of 30
days after such notice is given, lessor shall have the right by written notice
to lessee to terminate this lease entirely if the intended assignment or
sublease covers all of the premises, or, if such assignment or sublease covers
a portion of the premises, to terminate this lease as to such portion of the
premises. Any such written notice by lessor shall identify a termination date
which shall not be less than 30 days nor more than 60 days after the date on
which such notice by lessor is given. If lessor so terminates all or part of
this lease pursuant to this Section —, lessor may, if it elects, enter into a
new lease covering the premises or relevant portion of the premises with the
intended assignee or sublessee on such terms as lessor and such person may
agree or enter into a new lease covering the premises or relevant portion of
the premises with any other person; in such event, lessee shall not be entitled
to any portion of the profit, if any, which lessor may realize on account of
such termination and reletting. From and after the date of such termination of
this lease or relevant portion of this lease as described in this Section —,
lessee shall have no further obligation to lessor under the terminated lease or
terminated portion of this lease, except for matters occurring or obligations
arising under this lease prior to the date of such termination. If any such
termination under this Section — affects only a portion of the leased premises,
the [financial] obligations of lessee under Sections — and — of this lease
shall be reduced on a — [e.g., proportionate] basis to reflect the reduced
amount of space to be occupied by lessee. [Insert any other provisions to
reflect any other adjustments in lease provisions that would be necessitated by
a partial termination of the lease.]
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These forms are provided to assist business owners and others in understanding important
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