The meaning of assignment of a lease is when a freeholder/landlord transfers the existing lease on a commercial property over to a new leaseholder/tenant.
Excellent choice of solicitors
Fully vetted (SRA, SWW, CILEX or IPW members)
We've helped over 100,000 people
Get a free quote immediately
Assignment of Lease
Renewing a lease?
If, rather than assigning a new tenant, your existing tenant has begun proceedings to extend/renew their lease, a property solicitor can help you liaise with them and agree to the terms.
If you are becoming a new tenant/leaseholder in a freehold property, a property solicitor can help you get in contact with the landlord and agree the terms.
Why use The Law Superstore to find a solicitor or legal expert?
Save money by comparing solicitor costs
We only work with quality, experienced and accredited solicitor or legal firms
Competitive prices across England and Wales
The Law Superstore is the UK’s leading legal comparison site, designed to save you money when looking for a solicitor or any other legal expert. Get instant quotes, compare prices, locations and features and choose the lawyer that’s right for you. And we’re completely free to use.
With over 130 legal services on offer, from divorce to personal injury claims, we can help you get a great deal on your solicitor fees. You compare everything else, why not solicitors?
Legal professionals you can trust
All our solicitors and legal professionals are accredited or regulated. They go through a rigorous joining process and must have a redress scheme available, as well as their reviews and financial situation being assessed by our onboarding team. We only work with high quality, experienced legal experts.
Frequently asked questions
If you and your new tenant agree on the terms of the lease then the process will only take 2-3 weeks to put together all the documentation. If you dispute what they are asking for it can delay things up to 6-8 weeks until you have come to an agreement.
It is usual during the assignment of a lease that the new tenant entering into the lease will pay for the landlord’s legal costs as well as their own.
Assignment and Transfer of Lease are essentially the same and are often used interchangeably. Generally, transfer implies more significant changes to the lease. Your solicitor can help make sure you are following the right process.
It is possible to fragment a lease between multiple parties, however this is uncommon and unpopular, as it will make it harder for you to enforce your covenants and collect rent.
It’s important to have a property solicitor on board with your assignment of lease, as they can help you liaise with your prospective tenant’s legal representatives as well as review the terms of the lease.
I was contacted by a very helpful and knowledgeable firm who talked me through my requirements. Very quick response and no pushing for trade. Recommend.
A great experience dealing with you guys gave me loads of companies to pick from to make our will out .. fantastic service will use you again if needed ..best wishes. Anthony
Had positive results from your website. Each company made contact. I didn’t feel pressured into making a decision quickly.
two firms contacted me and gave helpful advice to me as someone who was rather lost and did not know how to progress our PoA.
As the list of solicitors provided I can compare the services . According to that I been able to select the solicitor. Thank you very much.
I wanted a legal service. Power of Attorney. The website provided 2 possible companies, one of which contacted me the next day and have completed the job that I wanted done.
Excellent service. Got emails and callbacks from all three recommended companies. I needed advice on a commercial rental. The clear pricing structure helped me to make an informed decision.
Response was quick. Very nice man talked through my problem. Polite & friendly. Price quoted excellent.
The info was very useful and I am now considering which company to use
A good choice of law firms to choose from. Received a call very promptly from our choice. We will be following up in a couple of weeks. Very impressed.
Easy to use, no problems, results next day
Contacted within a few hours by Assured Plans and arranged the LPA I wanted over the telephone
Very helpful and kind put me at ease, made things simple ,step by step took me through everything and explained everything
The service was fantastic.
Very professional.
The price was perfect.
My contacting Law Superstore produced four replies from service providers, at competitive prices.
Very helpful and a few choices to make and who to manage my enquiry.
Very easy to navigate to receive requests selected from the Law Superstore website.
Promptly received 3 very detailed options and quotes regarding LPA's
I received very prompt feedback from 4 companies, all feedback was detailed and comprehensive. When I am in a position to proceed I will contact the company I have chosen.
Got back to me right away very impressed with the way I was dealt with
Quick, efficient, professional service.
Everything made clear.
Thankyou
Call received within 5 mins. Very good
Helpful, clear and quick
Very helpful put me into the right direction.
I thought service was very clear I understood what was going to happen and when and with whom
Very satisfying experience with The Law Superstore website and the contacts provided by them.
My 1st experience on using the recommended is successful and have an appointment at home this month