ALI-ABA Course of Study Modern Real Estate Transactions July 25 ...
ALI-ABA Course of Study Modern Real Estate Transactions July 25 ...
ALI-ABA Course of Study Modern Real Estate Transactions July 25 ...
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2248<br />
1. Curable Events.<br />
2. Non-Curable Events.<br />
K. Right to Terminate (Withdrawal on Landlord's Termination).<br />
L. Obligation to Mitigate.<br />
M. Release Mechanism.<br />
N. Holdover <strong>of</strong> Subtenant (or Assignee).<br />
O. Estoppel Certificate.<br />
P. Obligation for Term Beyond Initial Term.<br />
Q. Subsequent Assignment Prohibited (or Release <strong>of</strong> Lessee).<br />
R. Delivery <strong>of</strong> Transfer and Subletting Documents to Lessor (Drafts or Terms Only).<br />
VII.<br />
ADDITIONAL CONSIDERATIONS FREQUENTLY RAISED BY ASSIGNOR/TRANSFEREE AND<br />
TRANSFER DOCUMENTS.<br />
A. Assumption <strong>of</strong> Liability (Versus "Subject to") (See I(B)(4) Above).<br />
B. Default by Lessee.<br />
1. Right to Cure.<br />
2. Bankruptcy.<br />
C. Non-disturbance Agreement.<br />
D. Accrual <strong>of</strong> Obligation "From and After."<br />
E. Acceptance or Consent by Lessor (Caveat - Covenants Running With Land).<br />
F. Warranty <strong>of</strong> Title.<br />
G. Estoppel Certificate.<br />
VIII.<br />
ADDITIONAL CONSIDERATIONS FREQUENTLY RAISED BY SUBLESSOR/SUBLESSEE<br />
TRANSFER DOCUMENT.<br />
A. Cure Provisions.<br />
B. Bankruptcy <strong>of</strong> Sublessor/Sublessee.<br />
C. Accrued Obligations.<br />
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