When a tenant assigns its rights and interest under a lease to a successor tenant, the enforceability of the assignment and its legal consequences are usually addressed and governed by language in the ...
You didn't expect it when you signed a yearlong lease several months ago, but it turns out that you need to move out of your apartment before those 12 months are up. One option is to find someone to ...
In the era that preceded the Bankruptcy Reform Act of 1978 and its enactment of the Bankruptcy Code, bankruptcy estates often lost the value of leases and other contracts that could have been realized ...
As business needs change, a tenant may have excess space that could be sublet to generate income to offset the lease expense. In the alternative, the sale of the business may demonstrate that moving ...
Entering into a long-term lease is a major commitment for any landlord and tenant. And, to a certain degree, it is a gamble. The tenant is taking a calculated risk that the space will meet its needs ...
If you are not effectively negotiating the assignment and subletting cause in your lease, you are not leveraging one of the most important benefits of being a franchisee. Ninety percent of startup ...
In an ever-changing business world, it is not uncommon for a tenant to decide, for a variety of reasons, to leave a location and assign its lease. Most leases provide that some level of approval or ...
In the bankruptcy context, an absolute assignment of leases safeguards the lender's rights and remedies to collect and use the rents generated from a mortgaged property both before and after ...
Hey all you landlords and tenants, pull up a metaphorical chair and metaphorically listen close, because we're gonna talk about assignments of lease rights in the sale of real estate. Did you know ...
In the current climate more and more tenants may be considering assigning their leases to release themselves from the burden of rent payments. However, landlords may be reluctant to grant consent to ...