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Words: | Submitted: Mon Jun 19 2006
... the assignment wasn't paying the rent and hadn't been insuring the properties then the Landlord has the option of suing either the tenant who took on the assignment or the original tenant who assigned his interest 6 years ago. The tenant remains liable for all the covenants in the lease for the entire term of the lease they signed. For example if a tenant entered in to a 30 year lease and assigned it after the 3rd year, they remain liable for the 27 years left on the lease, even if the assignee assigns the lease again, so you can end up with a lease that has been assigned 10 times and the original tenant remains liable for all of the assignees even though they only assigned the lease once. However the doctrine of privity of contract didn't only affect the tenant the landlord was also affected; when the Landlord entered in ...
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