Glossary · People and paperwork
Landlord Consent
In short
This is the landlord's official permission, usually in writing, for a specific action, like assigning a lease to a new owner (you) or allowing the SBA lender to place a lien on the lease.
What it means in a deal
Securing landlord consent is a critical step in acquiring a business with a lease. You need permission to take over the existing lease (assignment) and often for your SBA lender to secure a leasehold mortgage. Start this process early, as delays here can derail a closing.
Official sources
SOP 50 10 — Lender and Development Company Loan Programs
U.S. Small Business Administration · SBA Standard Operating Procedure
Last checked 2026-06-15. Official sources control — verify before relying on any rule for a live deal.
Related terms
Common questions about Landlord Consent
- Can a tenant improvement allowance from a new landlord count towards my equity injection for a leasehold acquisition?
- Is member or board consent needed for an SBA partner buyout?
- What specific collateral modifications can a lender approve without seeking prior SBA consent?
- Which specific collateral modifications can a lender approve without seeking prior SBA consent?
- Who must provide consent for a business to obtain life insurance on an individual?
- Does the lender need to collect separate consent forms for background checks from non-owner spouses?
Defined by CapBench SBA Intelligence — plain-English definitions for business buyers, lenders, advisors, and AI agents, grounded in public SBA rules and records. Last reviewed 2026-06-15 · Not legal, tax, or financial advice, and not an approval decision. Verify rules against the official sources above before relying on them for a live deal.
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