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Subleasing and assignments are essential instruments for tenants to reduce the size of their space and reduce costs for space they no longer need.
Landlords often disfavor subleases and assignments because they lose control over who occupies their space. Subleases also raise issues for lenders to landlords who may become nervous about the quality of tenants.
Subleases come in a variety of forms, all of which need to exist within the operational parameters and other restrictions imposed by the master lease.
If subleases are carefully drafted, they can serve the interests of landlord, tenant, subtenant, and lender.
Otherwise, these complex documents give rise to multiple levels of friction and possibly litigation.
This program provides a practical guide to the various forms of subleases and assignments, key issues for landlords, tenants, and subtenants, and tips to avoid drafting traps.
Part 1 topics include:
June 20, 2017 1:00 PM Eastern
NCBA Member Price:
NC State Bar
Mandatory Continuing Legal Education (MCLE) and Certified Paralegal Education (CPE) (Total): 1.00