Article Library
Scarinci Hollenbeck regularly publishes articles pertaining to legal updates affecting individuals and institutions in New York and New Jersey, and the world at large. Here you can find coverage for when we welcome new attorneys, significant wins we’ve secured on behalf of our clients, and general announcements.
Results for real estate commercial leasing articles
Understanding How a Commercial Lease Assignment Works
Author: Victor E. KinonDate: August 24, 2021
While commercial landlords are often reluctant to consent to a lease assignment, COVID-19 has changed everything. With so many businesses struggling to stay afloat, landlords are more willing to consider the assignment of a lease to add to the prospect that rent payments continue and buildings remain occupied.
In basic terms, a lease assignment occurs when the current tenant to an existing lease agreement (known as the "assignor") assigns the lease rights and obligations to a third party (known as the "assignee"). A lease assignment should not be confused with a sublease, in which the existing tenant transfers by a sublease document some or all of their interest, and leased space, to a third party, known as the “subtenant” (or “sublessee”). (You can find a discussion of subleases here.)
Settlement Conferences Mandatory in New Jersey Landlord-Tenant Cases
Settlement conferences will be mandatory in landlord-tenant cases under a New Jersey Supreme Court Order issued on July 2, 2021......
NJ Supreme Court Clarifies When NJ Commercial Landlords Are Responsible for Snow Removal
For commercial landlords, failing to take steps to address the accumulation of snow and ice could lead to liability... Winter...
What Is an Inclusionary Zone?
An Inclusionary Zone is an Affordable Housing Tool That Ties the Creation of Affordable Housing to the Creation of Market-rate...
Surviving the Hard Sell: The Pros and Cons of Timeshare Ownership
What are the pros and cons of timeshare ownership? Is it worth it? After taking a dive during the recession,...
