Glossary · People and paperwork
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.
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.
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.
Defined by DealRoom.so 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.
Know what you'll need before you apply
Tell us about the deal and who's buying — we'll flag the guaranty, eligibility, and paperwork issues that slow SBA approval before they cost you time.
Free · No documents · Usually same-day