How should I approach lease assignments and subleasing requests?

Assignment and subleasing provisions should balance tenant flexibility with protecting the long-term quality of the property. Owners often wish to maintain reasonable approval rights while recognizing that successful businesses may experience ownership changes, mergers, acquisitions, or growth over time.

Well-structured assignment provisions help preserve the property’s long-term value while accommodating legitimate business transitions.

Flexibility should not compromise the quality of the investment.