The modern-day approach to the commercial lease incorporates both property and contract principles. However, this was not always the case. Historically, leases were regarded as mere personal contracts or as tools of commerce for lenders. Eventually, courts began to recognize leases as estates in land. Through this development, leases became proprietary interests governed by the rights and remedies of property law.
Read the full article here: Fundamental Breach- March 8-2011
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