Real Estate Jukebox: Take A Chance on Me: Suggestions for Reducing Subtenant's Exposure

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Subtenants always take chances when entering into Subleases. Unless the Landlord has entered into a recognition agreement with the Subtenant, the Sublease may terminate in the event of a termination of the Master Lease upon the occurrence of a default thereunder by the Tenant/Sublandlord.

If the Subtenant decides to proceed with the transaction, then the Subtenant may wish to consider taking some precautions in the event that the Sublease will contain significant monetary obligations on the part of the Tenant.

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Allen Matkins on:

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