Property Management (alternative)
In Maryland, when a tenant in a commercial space requests to assign their lease to another business, the landlord's standard lease clause typically requires:
AAutomatic approval
BLandlord's prior written consent, which may be conditioned on the assignee's financial qualifications✓ Correct
COnly 30 days notice from the tenant
DMREC approval of the assignment
Explanation
Most commercial leases require landlord consent to assignment. The landlord can typically review the proposed assignee's financial qualifications before agreeing to the assignment.
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