Assignments and Licences to Assign
An Assignment is the transfer of a legal title, in the same way as a sale/purchase of freehold land, and so all the same considerations will apply in terms of searches, drafting of documents and reporting.
In addition the landlord may have specific requirements that also have to be met.
The Licence to Assign is the document by which the landlord gives consent to the transfer of the leasehold title, and this is usually required by the lease. There may be conditions attached and as a minimum there is likely to be an obligation to pay the landlord’s legal costs.
We can provide the advice and guidance and also the documentation needed to steer through this process, with clear explanations in non-legalisitic language.