Complicated billboard land lease assignment language is a lawsuit waiting to happen (Billboard Insider)
That’s the lesson of Atkins Media Group vs Del Val Realty Group. Insider’s take: Complicated lease assignment language gives your landlord an excuse to increase rent in exchange for consent. The best assignment language should say that no consent to assignment is needed so long as the new party to the agreement to be bound by all terms and conditions of the lease. […]
Tue, Sep 8, 2020 at 8:22 PM