Licence to underlet part
A licence permitting a tenant of commercial property to underlet part of the property comprised in its lease. The tenant's lease may be either an "old" or a "new" lease for the purposes of the Landlord and Tenant (Covenants) Act 1995. The underlease will be a new lease for the purposes of that Act. The document contains optional guarantee provisions for use where there is a tenant's guarantor or a new guarantor for the undertenant.
Already a Practical Law customer? Sign in
Get access to this document with Practical Law
Why Practical Law?
Gain a built-in attorney network
Practical Law’s resources are written and maintained by over 650 dedicated, full-time attorney-editors globally. They’re highly qualified, having practiced at the world’s leading law firms, corporate law departments, and government agencies, so they understand the challenges you face. They dedicate themselves to creating resources to help you navigate the new legal realities, legislative changes, and practice areas impacting your clients or organisation.
See how to leverage the expertise of Practical Law’s attorney-editors to help you practice more efficiently.
Learn more about Practical Law
Expert guidance
650+ full-time, experienced attorney-editors keep you up to date globally
Total resources
118,000+ total resources across 17 practice areas ensure comprehensive coverage
Timely updates
150,000+ hours spent in 2025 maintaining and updating resources