REALWorld Law

Commercial leases

Transferring the lease

In what ways, if at all, can a tenant transfer its rights to a third party and what restrictions can be imposed on such transfers?

Zimbabwe

Zimbabwe

There is normally a clause in the agreement that states whether the lessee can cede or assign its rights and obligations, transfer, make over, alienate or pledge any of its rights under the agreement, with the landlord’s prior written consent. A deviation from this would result in a breach of the contractual terms and the landlord would then be permitted to terminate the lease agreement in accordance with the termination provisions.