29.19 7. Conditions To Effectiveness Of Sublease

• Jurisdiction: New York

7. Conditions to Effectiveness of Sublease

The final hurdle for the parties to the sublease is setting forth the conditions that the sublease must satisfy before it will become effective.⁹⁰⁴ The most important condition for the parties to satisfy is obtaining the landlord’s consent to the transaction. As described earlier, the direct lease may give the landlord rights that allow the landlord to thwart or delay the sublease transaction. Timing is often a critical issue for the subtenant. As the sublease undoubtedly will be contingent upon obtaining any required consent from the landlord, a subtenant often will want to specify an...