How can you negotiate assignment rights to ensure tenant flexibility?
If you are a commercial tenant, you may want to have the option to assign your lease to another party in case your business needs change. Assignment rights allow you to transfer your lease obligations to a new tenant, subject to the landlord's consent. However, not all leases have assignment clauses, and some may have restrictive or unfavorable terms. How can you negotiate assignment rights to ensure tenant flexibility? Here are some tips to consider.