Sub-lets & Assignments

From time-to-time companies need to leave leased premises prematurely. If you cannot realistically stay in your current space but are tied to a lease, you may be able to sublet or assign your office to someone else. There are many reasons why this might happen. Perhaps you need to upgrade or downsize, or can no longer afford the rent. Maybe you need to relocate quickly for business reasons. If any of the above applies to you, chances are that you’re looking for someone to sublet or assign your space to.

Subletting and assigning are not the same thing, as assignments allow you to become bereft of all responsibilities for the space. In a subletting arrangement you remain responsible for it.  If you do need to leave and are looking for help in deciding what to do next, talk to Holborn Office Space.

At Holborn Office Space, we have an excellent track record when it comes to working with landlords and their tenants. We have the negotiation skills to come up with arrangements that suit everyone. We can help you to find a suitable tenant to take over your space, and if you are entering into a lease we can work towards terms that will help you if you ever do need to vacate your premises quickly.

Most landlords prefer sublets over assignments because they mean that the original tenant is still responsible for the property, whereas they may worry that the person having the lease assigned to them can’t be trusted. We can assist with everything pertaining to sublets and assignments and we can help you to negotiate an assignment or subletting arrangement. Talk to us if you require assistance regarding a sub-let or assignment in Holborn.

For additional information on sub-lets, contact elly@holbornoffices.london