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8-10-2014

A new protocol has just been launched covering situations where tenants are making applications to their landlords for consent to assign or sublet their lease. The protocol applies to commercial premises only. 

The protocol essentially sets out a code of good behaviour and best practice for both landlords and tenants. The aim is that this will improve communication and fairness between the parties thereby avoiding costly delays and disputes.   

The protocol covers areas such as what information a tenant should provide when making an application for consent and the timeframes within which a landlord should respond.

Like the Code for Leasing Business Premises 2007 before it (which also sets out guidelines for fair lease negotiations), the protocol is not binding but it is hoped that it will eventually become industry standard practice.

The protocol should certainly be welcomed if it helps landlords and tenants to deal with applications quickly, improve relations and achieve the parties’ business objectives.

Useful links: Property protocolsCode for leasing business premises

This is intended for general information only and should not be considered as giving advice in relation to any individual case nor be taken as applying to any particular case. No liability is accepted for any such use of the information contained here.

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