In an article published by the National Real Estate Investor, Bass, Berry & Sims attorney Michael Gibson provided insight on key negotiation considerations in a triple net lease related to a tenant’s ability to assign or sublet a lease without a landlord’s consent. While the tenant may be primarily concerned with flexibility, the landlord’s interest is in ensuring that the sublease goes to a creditworthy and experienced tenant who values the property for their business needs. “Negotiation of a lease agreement may fail if adequate flexibility of a tenant to assign or sublet a lease cannot be agreed to by the parties, so some flexibility is needed by both parties in any lease negotiation,” said Michael.

The full article, “Tips for Negotiating Triple Net Lease Sublets,” was published by National Real Estate Investor on February 26, 2017, and is available online.