Faster, more accurate advice on what is permissible, reducing the risk of inadvertent breach and speeding up transaction due diligence.
The challenge
When a tenant wants to assign, sublet or share occupation, identifying what the lease permits requires reading across alienation provisions, consent conditions and any historic licenses already granted. Missing a restriction or pre-condition can expose the tenant to breach of covenant.
The solution
Ask iManage extracts all alienation provisions across assignment, subletting and sharing occupation, distinguishes between absolute, qualified and fully qualified covenants, identifies landlord consent conditions and tenant pre-conditions, and surfaces any historic licenses to assign or underlet already granted in the matter.
Open Ask iManage and use natural language search to find your lease.
Ask iManage AI-powered search helps you find specific document(s) using natural language.
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In the Darchem Engineering matter retrieve the lease of units 4 and 5 Eastbrook Road, Gloucester.
Run a prompt to map all alienation provisions in this lease, distinguishing between the different covenant types and transaction types covered.
Crafting your prompt with 'this lease' ensures responses are grounded in the contents of the document you just found.
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What alienation restrictions apply in this lease? Distinguish between absolute, qualified, and fully qualified covenants for assignment, subletting, and sharing occupation.
Add your Matter or Workspace as a Filter.
Opening up to the project to the rest of the Matter enables follow-up prompts to look at other documents in the same Matter.
Run a follow-up prompt to identify any historic alienation transactions in the Matter that have already been approved, and what conditions were attached.
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Identify all historic licenses to assign or underlet in this matter and summarize the conditions attached to each.
Export and act.
Ask iManage export allows for direct use in a Client advice note, heads of terms, or transaction due diligence report.
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