In other words, if you only sublease
a portion of your sublandlord' s premises, and your sublandlord, as the tenant under the master lease, defaults under that master lease -- your sublease
is at risk and can be terminated.
You may be surprised to hear that your landlord is interested in taking back all or a portion of your space so that they can undertake renovations or bring in a new tenant they have prospected, in which case you may not need to pursue a sublease
Going forward, Learner predicts that in addition to incorporating more flexible options into leases, tenants may 'buy' flexibility by taking more space than needed and structuring short-term sublease
agreements amid strong demand from emerging start-ups.
Yet despite these positive signs for those seeking sub-tenants, subleases
are actually getting snapped up so quickly because of weaker price points compared to the direct-lease market.
In this form, the consent to the sublease
should in no way release tenants from any of the covenants, agreements, liabilities and duties under a lease.
FM directs the BK1 affiliate to pay BK1 annual amounts equal to 90% of FM's annual rent obligation under the sublease
The percentage of available Manhattan office space being offered for sublease
is also at a five-year low.
Given economic parity with a sublease
, the freedom of lease termination beckons alluringly.
Some may be marketable next year, some situations may change next year," he said, but "not [all] the sublease
space is going to go first [just] because it is priced cheaper.
The dot-com bust has sent sublease