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Surrendering and Terminating Subleases: How to Avoid the Potholes

Sep 22, 2000 | Article 

Written by Natalie Vukovich
L​SUC - Return of the Six-Minute Commercial Leasing Lawyer 2000)

At common law, privity of estate was destroyed upon merger or surrender of a tenant's reversion and, as a results, covenants were thereby prevented from running with the reversion. As such, following the surrender of the head lease, a subtenant would be released from all its obligations under the sublease and, accordingly, the subtenant would be in a position to lawfully enjoy the property for the balance of the term of the sublease without payment of rent or observance of any covenants.

Read the full article Surrendering and Terminating Subleases: How to Avoid the Potholes

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