An Owner's Primer on Sublease Consents

more+
less-

Many companies are reconsidering their real estate positions as part of their overall long-term strategic planning due to the continuing decline in consumer confidence and the growing concern over the domestic credit market. Undoubtedly, many companies will elect to consolidate people and resources. As a result, building owners and managers are likely to see an increase in subleasing activity during the next few years.

While most leases provide considerable detail as to the standard for consenting to a proposed sublease, very few leases address the actual terms and conditions of an owners consent. As a result, many owners merely sign the form of consent proposed by the sub-landlord and and sub-tenant in the sublease, or they rush to draft an agreement. In either instance, owners oftentimes overlook important issues that may have significant impact on the owner/sub-landlord/sub-tenant relationship and, ultimately, the overall value of the asset.

Please see full article below for more information.

LOADING PDF: If there are any problems, click here to download the file.

Written by:

more+
less-

Miller Starr Regalia on:

JD Supra Readers' Choice 2016 Awards
Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*By using the service, you signify your acceptance of JD Supra's Privacy Policy.

Already signed up? Log in here

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.
×
Loading...
×
×