Last week, we alluded to a lease transfer situation that had recently come across our desk, and then Ruminations detoured to its usual ranting to start a discussion about why a landlord should have any right to interfere with its tenant assigning the lease or subletting the leased space. Thanks for the comments we got directly to Ruminations by way of comments, by way of comments posted to LinkedIn, and privately.
That discussion is over. The “norm” for leases is that the landlord will have some control over assignments and sublettings. That’s our starting point today.
We promised to use this week’s posting to tell readers about what “triggered” us to get into the topic of lease transfers. So, here it is. [Read more…]
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