29.10 1. Generally

• Jurisdiction: New York

1. Generally

As a sublease transaction has a double set of rights and obligations, the direct lease by itself cannot adequately cover the interplay between the provisions of the direct lease and those of the sublease. Some provisions of the sublease transaction are independent of the direct lease transaction and cannot be incorporated by reference. The distinction between the independent provisions and interplay provisions can be blurred and hard to understand. And in some instances the direct lease may...