Property Management
A Virginia commercial lease's 'assignment clause' typically requires:
AThe tenant to automatically assign the lease upon sale of their business
BLandlord consent before the tenant may assign the lease to a third party✓ Correct
CNo consent from any party
DAssignment to be approved by VREB
Explanation
Most commercial leases in Virginia require landlord consent before a tenant may assign their leasehold interest to another party. This protects the landlord from having unqualified or undesirable tenants.
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