Category: Assignment & Subleasing

There is, of course, no single most important “legal” point to raise in a lease negotiation, but in many cases, if I had to pick one, it would be to make sure that the tenant has the right to assign its lease to a purchaser of its business, without the landlord’s consent and without Continue reading “The tenant’s right to assign its lease in connection with the sale of its business”

For purposes of this post, let’s accept the notion that an office tenant should pay to the landlord a share (usually one-half) of the net profits on any sublease.  Typically the negotiation of this provision centers around what costs should be deducted in computing net profits, and most landlord forms limit this to Continue reading “Sublet Profit Sharing”