19) Other courts, relying on the applicable nonbankruptcy law provision, have held that the property rights of a sublessee
are matters of nonbankruptcy law.
The building portion had to be occupied exclusively by the lessee or sublessee
Think of a triangular dinner table with landlord, sublessor (tenant) and sublessee
(subtenant) seated on each side.
The terms of the sublease are in line with the assumptions used in the prior calculations and the Company does not expect to make any adjustment to the restructuring charge as a result of entering into the sublease, though future events, such as subleasing the remainder of the property to the sublessee
or another party, could require an adjustment.
29) Nevertheless, when a tenant goes dark without a sublessee
to take over the space, it is certainly arguable that the tenant is in default, triggering a breach and justifying termination or damages regardless of whether the lease contains an ICCO.
Those regulations apply to the actual operators of the Antennas which may be tenants under a lease or a sublessee
, sub-licensee or permittee of a tenant.
General Services Administration (GSA) is the current tenant and sublessee
of the county's facility.
For those working with subleases, there are a host of considerations not just for the sublessee
, but for the primary tenant, owner and broker as well.
The company also has retained a real estate broker who is assisting in locating a potential assignee or sublessee
for the lease on the facility on Wateridge Circle Drive.
Similarly, the parties must determine and document whether the sublessor or sublessee
will have the right to exercise certain options under the lease, e.
One additional fact that is a critical component for the sublessor or prospective sublessee
to recognize is that the local owners or large portfolio managers are making a concerted effort to drive their net effective rental rates, and the length of their lease terms, as high and long as they can: Their ultimate desire is to position their properties for a possible acquisition or refinancing.
, American, could have elected to replace the aircraft under the sublease, but has opted not to do so.