Contract between Commercial Property Estate Agency and Assigning Tenant

Commercial Property Estate Agency Appointment Form (Assignment of Lease)

PROP.EST.41

This Commercial Property Estate Agency Appointment Form (Assignment of Lease) can be used to create a binding contract between a tenant and a commercial property estate agency or firm of surveyors when a lease of business premises is to be marketed for assignment (or sale). The form is completed and signed by the Tenant and the Agent.

The Appointment Form makes reference to the Commercial Property Estate Agency Terms and Conditions (Assignment of Lease). These documents, when used together, form a contract between the Agency and the Tenant.

The Appointment Form and Terms and Conditions can be displayed on the Agency’s website but the Tenant should also be given hard copies.

The Appointment Form contains fields for the Agent’s details, the Tenant’s details, a description of the property and brief particulars of the lease. Details of the agency arrangements are also captured: the agency start date and fixed term, the Commission and the terms the Tenant wishes to secure for the assignment.

By signing the form the Tenant confirms that there are no restrictions (such as lease restrictions or mortgage conditions) that prevent the lease from being assigned. Tenants should consider these issues before entering into a contract with an Agency.

Optional phrases / clauses are enclosed in square brackets. These should be read carefully and selected so as to be compatible with one another. Unused options should be removed from the document.

This Commercial Property Estate Agency Appointment Form (Assignment of Lease) is in open format. Either enter the requisite details in the highlighted fields or adjust the wording to suit your purposes.

Once you have purchased access to the appropriate document folder click on the “Download Document” button below. You will be asked what you want to do with the file. It is recommended that you save the document to a location of your choice prior to viewing.

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