Licence to Sublet Part of Commercial Property

Licence to Underlet Part of Leasehold Premises

PROP.MAN.49
This Licence to Underlet Part of Leasehold Premises should be used where the tenant wishes to grant an underlease of part of its premises and, under the terms of the lease, the landlord’s consent is required.

If the proposed underletting is of the whole of the Tenant’s premises, rather than part, the Licence to Underlet Whole should be used instead.

Not all leases allow underletting of part. If the lease contains an absolute prohibition on underletting part only of the premises the Landlord can refuse consent without having to give reasons. The Landlord should therefore check the terms of the lease carefully before issuing a Licence to Underlet Part.

The Licence includes covenants by the tenant and undertenant relating to payment of costs and performance of the covenants in the underlease.

The form of the underlease should be approved by the landlord and attached to the Licence so that it is clear what the landlord is consenting to.

This Licence to Underlet Part of Leasehold Premises is in open format. Either enter the requisite details in the highlighted fields or adjust the wording to suit your purposes.

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