§ 21.03 Summary

JurisdictionUnited States
Publication year2022

§ 21.03 Summary

One of the most valuable and hotly contested rights in an office lease negotiation is the tenant's right to transfer its premises or a portion thereof through an assignment or a sublease. If the right is clear and relatively unfettered, the value of the tenant's leasehold is enhanced. The tenant may be able to sublease or assign a portion of the premises and realize a profit over the monetary obligations that it owes the landlord for that particular portion. More importantly, the tenant...

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