Considerations Before Signing A Sublease Agreement
October 28, 2013, 12:28 PM EDT
Law360, New York (October 28, 2013, 12:28 PM EDT) -- Depending on the situation, sometimes leasing space from another tenant is a good business decision in terms of price, location and size. While a sublease arrangement makes sense from a business perspective, a subtenant should consider the legal issues involved with a sublease arrangement before moving forward.
A subtenant needs to understand that any rights it has to lease the subleased space from its sublandlord derive from and will be subject to what is commonly referred to as the master lease, which is the lease agreement...