Case Study: Green Tree V. DBSI Landmark Towers

Law360, New York (October 26, 2011, 5:22 PM EDT) -- It is not uncommon for complex commercial real estate transactions to involve numerous parties and investors and overlaying agreements. One such structure involves a master lease for commercial space and sublease to an actual end-user of that space.

The master lessor may sell interests in the master lease to third-party investors based upon the income generated from the sublease. To protect the interests of the ultimate owners/investors, the sublease may include an attornment provision whereby the subtenant agrees to allow the investor/owner to step into the...
To view the full article, register now.