Is it permissible to transfer the lease agreement to another person? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

Is it permissible to transfer the lease agreement to another person?

Asked by Banky team 2 months ago
Banky team Reviewed editorial answer

Transferring the lease to another party requires the landlord's approval and an appraisal from the new party, as the property remains the landlord's property.

If you intend to move out, inquire about assignment or substitution and the settlement amount, rather than negotiating with a new party on your own.

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