Real Estate Jukebox: Sublease Recognition Agreements: Planning Ahead for the Direct Lease

When a Subtenant bargains for a recognition agreement from the Landlord, it is tempting for both parties to think that all they need to do is add a short statement that the Landlord will recognize the Sublease as a direct lease with the Landlord in the event the underlying Lease is terminated. But will that approach really suffice? Probably not.

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Allen Matkins Leck Gamble Mallory & Natsis LLP on:

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