Draft Assignment Clause that Anticipates M&A Trends

Commercial real estate lease assignments might seem straightforward for both office and retail space: A tenant that wishes to leave its space finds another tenant willing to take over the space and the original tenant’s lease. And, typically, the lease’s assignment clause will dictate the requirements that both the new and original tenant must meet in order to do this. But don’t be fooled into thinking that because the concept of an assignment is basic, your assignment clause can be as well.