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Because so many elements are involved in agreements between landlord and tenant, a commercial lease is never "one size fits all." This book examines the numerous issues that can occur when a lease is transferred in part by a sublease or in its entirety by an assignment. Organized for ease of use, this deskbook provides in-depth guidance to the multitude of problems and issues that can arise when a lease is transferred in part by a sublease or in its entirety by an assignment.
Written by members of the Assignment and Subleasing Committee and other Leasing Group committees of the ABA Section of Real Property, Trust and Estate Law, The Sublease and Assignment Deskbook reviews specific subleasing and assignment problems and case law in a practical context while offering strategies and drafting techniques for dealing with them. It also contains extensive form prime lease transfer clauses, subleases, assignments, recognition agreements and related documents taken from actual documents from a number of leasing attorneys. These documents, also included on CD-ROM, demonstrate alternative drafting approaches and techniques for specific situations.
This updated edition features new chapters and additional forms and clauses, in addition to revisions to materials from the first edition, including the lessons learned and the impact of the real estate recession.
