Assignment of a commercial lease

Assignment of lease: Failure to provide a bank guarantee required by the lease

Legality of a clause making the lessor’s agreement to the assignment conditional on the lessee providing a bank guarantee

A clause in a commercial lease may make the lessor’s agreement to an assignment subject to the provision of a bank guarantee.

Violation of this clause is grounds for termination of the lease

A tenant who assigns his commercial lease without providing the lessor with a bank guarantee runs the risk of having his commercial lease terminated by a court.

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