Landlords And Tenants Case Study
Legal relationships between landlords and tenants
Lamicky Carter
Everest College
To develop what you believe is a terrific idea for a video game, you lease 50,000 square feet in an office building from Commercial Property, LLC, under a written five-year lease. Your goal is to put the game on the market within two years. Several months into the term, a competitor unexpectedly releases a new game title featuring play that would make your game appear to be a poorly crafted imitation. Can you assign the lease to another party? Explain.
A leases is a transfer of real property by a landlord to a tenant for a period of time for the payment of rent. This scenario falls under “Transferring Rights to Leased Property”.
Lamicky Carter
Everest College
To develop what you believe is a terrific idea for a video game, you lease 50,000 square feet in an office building from Commercial Property, LLC, under a written five-year lease. Your goal is to put the game on the market within two years. Several months into the term, a competitor unexpectedly releases a new game title featuring play that would make your game appear to be a poorly crafted imitation. Can you assign the lease to another party? Explain.
A leases is a transfer of real property by a landlord to a tenant for a period of time for the payment of rent. This scenario falls under “Transferring Rights to Leased Property”.