How to Secure Owner's Consent to Assignment

April 30, 2008
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In an uncertain economy, you may want—or need—to exercise your right to assign your lease. While the law varies from state to state, in general, an owner is not required to grant its consent to an assignment of a lease unless the lease specifies that the owner cannot unreasonably withhold its consent to an assignment request, although there are some states that do require a party to be reasonable in granting such consents. Most property owners will respond promptly and take a reasonable business position.

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