what happens to a sublease when a head lease is assigned?
233965
Where a headlease is surrendered the intermediate tenant under the headlease falls away and the tenant under the sublease becomes the direct tenant of the superior landlord. This means that the premises will continue to be occupied by the tenant on the terms of the sublease.
923231
Re: What Happens to a Commercial Lease if the Tenant Dies If the lease does not prevent the passage of the leasehold to the estate, then it becomes an asset of the estate with the estate's being obligated to pay rent.
305404
It usually breaks down to 1 day for viewing and application (and usually this comes a few days after you call... I've never experienced a same-day viewing), 2 days for reference checks, 1 day to tell you it's yours, and another day to get the lease signed and get the keys.
240392
As nouns the difference between underlease and sublease is that underlease is (legal) a lease granted by a tenant or lessee; a sublease while sublease is a lease on something made by someone who already leases it.
1029163
When the property is sold, the current landlord usually transfers the security deposit to the building's new owner. Alternatively, the security deposit might get refunded to the tenant and the new landlord may require that the tenant make a new deposit.
402446
What happens at the end of a lease term? If you have a leasehold flat, you do NOT have ownership of it. ... At all times the ownership of the property remains with the freeholder (landlord). When a lease runs out, you no longer have tenancy, and the freeholder has full use of the property again.
193500
If the tenants move out at the end of the fixed term, the tenancy ends. It will no longer exist. ... The tenants no longer have any liability under the tenancy and the landlord no longer has any right to charge rent. Landlords often get upset about this if the tenants have moved out without giving them any notice.
308913
Renters and landlords have certain responsibilities to each other once they sign a lease agreement. ... Therefore, when it comes to light bulbs inside an apartment or house that is being leased by a renter, it is the renter's responsibility to replace the bulbs, unless otherwise specified in the lease itself.
436311
If a tenant breaks a lease, the landlord can mitigate their damages by continuing to charge the tenant rent until they're able to re-rent the unit. If a landlord has to re-rent the unit at a lower amount than what is stated in the lease, the tenant can be charged the difference for the remainder of the lease period.
120409
Title: In a finance lease agreement, ownership of the property is transferred to the lessee at the end of the lease term. But, in operating lease agreement, the ownership of the property is retained during and after the lease term by the lessor.
1103162
If you have belongings outside your apartment, landlord can move them. He will probably leave a note saying that stuff was moved to your storage area, or stuff can't be stored blocking a door or stairs. The next note might say that your things will be disposed of if not moved in a few days.
455120
If your tenant breaks the lease and won't pay for the months the unit is vacant, you might need to take them to court to get your money. Theoretically, you'd just need to present a copy of the signed lease, and state which months your tenant still needs to pay.
1161032
Mitigating Damages In most states, landlords are not allowed to hold the tenant to the terms of the lease while the unit sits vacant. In these states, even though the tenant has breached the lease by leaving early, the landlord must try to re-rent the place—even if during inconvenient times, like the middle of winter.
68861
If a tenant continues to pay rent after a lease ends, in most states the terms of the expired lease carry over into a month-to-month tenancy. ... In a few states, if a tenant continues to pay rent after a lease expires and the landlord accepts the rent, the lease is automatically renewed.
658875
Your landlord's interest will be sold subject to any existing leases, which means that the buyer will inherit you as a tenant and become your new landlord. ... If you have been advised of an intended sale by your landlord you may want to make initial enquiries to find out what the new owner intends to do.
889268
Your landlord's interest will be sold subject to any existing leases, which means that the buyer will inherit you as a tenant and become your new landlord. ... However, to do this your new landlord will still have to comply with the statutory procedure set out in the 1954 Act to obtain vacant possession.
288811
When your lease is up, you will have the chance to opt for a lease renewal, which means that at the end of your lease term, both you and your property manager agree to renew the lease.