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  1. T

    commercial lease question

    ok, costs of the business aside, how often do these kick backs occur without the consideration of the business. eg have a lease with no business, and someone wants it so bad or if the market has changed, you can basically reassign for a fee? ive just never heard of it until yesterday
  2. T

    commercial lease question

    of course, a breach of lease is a breach of lease ahh, just as i thought so its basically a fee/kickback/incentive for the lessor to give up their right. obviously in this case the 2nd lessee thought that since its as booming area, they could make a lot more then the fee while the rent cant...
  3. T

    commercial lease question

    ok I See, so does the lease remain under the original person?> as far as Im aware, the 3 parties dont know eachother
  4. T

    commercial lease question

    yeah I do know that sublease and reassigning is different, however, I do recall a you cannot sublease clause in every commercial lease ive read, so was wondering what exactly happened when a original lessee gives up his lease for a big sum to another person, who in turns does the same...
  5. T

    commercial lease question

    is subleasing a common thing? I thought it was basic 101 commerical lease that one shall not sub lease , just like in resi basically, got told a shop owner in a booming area who is on a 7 year lease was offered $100k cash to take over the lease so he basically either sold the lease or...
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