Ireland—Licence to Assign and Change Use

Produced in partnership with Martina Firbank of McCann Fitzgerald

Precedents

Ireland—Licence to Assign and Change Use

Produced in partnership with Martina Firbank of McCann Fitzgerald

Precedents

This Licence is made on [insert day][insert month][year]

Parties

When adapting this Licence you should consider whether any other parties should be added to the licence.

If the Lease is a sub-lease and the consent of the superior landlord is required for an assignment of the sub-tenant’s interest, the superior landlord may either be joined in this licence to give its consent, or the superior landlord’s consent might be documented separately.

If the assignee’s obligations under the Lease are to be guaranteed by a new guarantor, that new guarantor may either be added as party to the licence to assign and clauses governing the guarantee included, or the new guarantee might be documented separately.

If an existing guarantor is to be released, the existing guarantor may be joined for that purpose, appropriately distinguished from any new guarantor.

It may also be the case, most usually in the context of an intra-group assignment, that an existing guarantor may be joined to acknowledge the assignment and the continuance of its obligations under an existing lease guarantee.

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Martina Firbank

Of Counsel, McCann Fitzgerald

Martina has extensive experience, both transactional and advisory, in all aspects of real estate including single and multi-asset acquisitions and disposals, corporate mergers and acquisitions, funding, development, renewable energy projects, landlord and tenant and estate management (both commercial and residential), ESG matters, restructuring & insolvency arrangements and disputes. Martina’s experience extends across all sectors: offices, PRS, retail, industrial, healthcare and hospitality.

Jurisdiction(s):

Ireland

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