The lessee shall be authorised to collect one year maintenance fee from the sublessee in advance before handing over possession of the unit to the sublessee.
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Insurance premiums and property taxes are for the account of the sublessee.
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Under this arrangement, the Court of Justice has the status of sublessee.
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The probability of lease renewal might add reversionary value to the hangar sublessee.
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The insurance policies of a sublessee should provide liability coverage to the Harbour Authority.
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There was an owner, a lessee and a sublessee, as I understand it, is that right?
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In addition, the sublease between TWC, as sublessor, and WCC, as sublessee, will be terminated upon closing.
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If the sublessee defaults under any of these agreements, the Corporation must compensate the lessor for the default.
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The former single-tenant sublessee stopped paying rent and vacated last year when its television series was cancelled.
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As the sublessee, you want to have the ability to stay in the space should the sublessor go out of business or move.
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Where the sublease is for the entire site, the licence of the leaseholder is cancelled, and a new licence is issued to the sublessee.
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Pershing remains the lessee of the mining claims and the sublessee of the lands leased by Newmont under a new long-term mining lease.
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If a dwelling unit was occupied subject to a sublease, the taxpayer looked to the sublessee to determine whether the dwelling unit was used on a transient basis.
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Where the rights of a lessee or licensee are not affected by a security right, the rights of a sublessee or sublicensee are also unaffected by the security right.
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However, the lessee must first tell the lessor his or her intentions as well as the name and address of the sublessee or assignee and must obtain the lessor's consent.
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It is also stipulated that the lessee and sublessee are jointly liable to the lessor and that the duration of the sublease is limited to the duration of the main lease.
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We have found that the airports have been granted authority under this lease with Transport Canada and they lease out space to businesses that then charge them rent as a sublessee.
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In the meantime, Paul's jealous mother found a sublessee - very much to the dislike of Paul. Margarethe's family's return visit at Paul's mother's apartment ends with a debacle, but Paul and Margarethe nevertheless start a relationship.
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Subsequently, CIM and Macklowe had the building reappraised by Cushman & Wakefield who determined that the fair market rent for the space was $1.4 million per year, higher than the rent initially agreed to by Sovereign Partners. However, the CIM-owned company that had purchased Sovereign Partner's lease failed to pay this increased rent, leading to an event of default under the lease and allowing CIM and Macklowe to begin the eviction process. Franck Muller objected, claiming that CIM was essentially choosing not to pay itself the increased rent and manufacturing an excuse to evict the CIM-owned master lessee and in turn Frank Muller, the sublessee.
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