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What is a Licence to Sublet?
A Licence to Sublet is a formal agreement between a commercial landlord, tenant, and subtenant, in which the landlord grants permission for the tenant to sublet all or part of a commercial property to the subtenant. Licences to Sublet ensure that subletting arrangements are carried out in a way that protects all of the parties involved.
When should I use a Licence to Sublet?
Use this Licence to Sublet:
when a tenant has approached a landlord requesting consent to sublet the whole or a part of the property the tenant is renting
for commercial properties only (ie properties used for business purposes)
when the tenant requires consent to sublet (eg because their Commercial lease includes a clause preventing the tenant from granting a sublease without the landlord’s consent)
when the landlord has seen the subtenant's financial accounts and is satisfied that they are in a position to pay the rent and other sums due under the sublease
for properties in England and Wales only