Am I allowed to assign the lease to another business?

 

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11. Am I allowed to assign the lease to another business?

That depends on the terms of the lease. Leases for less than three years often prohibit assignment.

The lease (and the premises' planning permission) may also restrict the permitted use of the premises. This can prevent you from assigning the lease to tenants who carry out different businesses.

If the lease does allow you to assign it, you will usually need the landlord's consent (see 12).