Legal Question in Business Law in Florida

Re: selling of a lease

You do not sell a lease. You can assigne a lease, with consent of landlord. You can sell a business.

Re: selling of a lease

Mr. Slater is correct, and you should have an attorney handle this unless you don't think what's at stake is important enough ensure that it is done correctly.

Re: selling of a lease

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Generally, although you are selling your interest in a lease, it is handled through the use of an Assignment of Lease. If it is a true sale with a new lease, then what you are really selling is the leasehold interest.

You should engage an attorney who can draft the necessary agreements between the parties. You need to have your payments securitized by the right to take back the lease in the event of a default.

Scott R. Jay, Esq.