Document background
The License to Assign Leasehold is a crucial document in Dutch property transactions where a tenant wishes to transfer their leasehold interest to another party. This document is required whenever a tenant seeks to assign their lease to a new occupier, as most commercial leases in the Netherlands prohibit assignment without the landlord's express consent. The license sets out the conditions under which the landlord grants permission for the assignment, protecting all parties' interests and ensuring compliance with Dutch property law. It typically includes details about the existing lease, information about the proposed assignee, any additional security requirements, and specific conditions that must be met before and after the assignment. The document must be executed in accordance with Dutch legal requirements, including notarial involvement and registration with the Land Registry where appropriate. This type of agreement is particularly important in commercial real estate transactions and business transfers where leasehold interests need to be assigned as part of the overall transaction.
