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Posted by Kathleen on March 12, 2001 at 19:24:25:

In Reply to: Gee Dave the same goes for Landlords posted by Will on March 12, 2001 at 10:57:22:

: The owners of building are responsible for the whole amount of the lease..

: The landlord had no legal right to assign the lease.
: The landlord must honor the lease even if he/she just brought the building...
: If the Landlord croaks then the landlords estate is responsible for honoring the obligations of the lease...

:
: as always is such a breath of fresh air to have folks like you to remind me that there are good people on the planet...in comparison to you of course.

:
: Will

: : You are responsible for the whole amount of the lease..NO EXCUSES..

: : If you die your estate is liable for the rent until it is vacant.

: : YOU have NO LEGAL right to assign the lease,

: : YOU have NO monetary interest in the property.

: : YOU can only get out of Paying the FULL amount of the lease with the landlord's permission.

:
: : : I was wondering if anyone here knew EXACTLY what this paragraph in a lease means? I would appreciate, in layman's terms, an explaination. Thank you. ~Kathleen

: : : >>>>>Binding on Successors
: : : This lease shall be binding on and shall inure to the benefit of the heirs, executors, administrators, successors, and assigns of Landlord and Tenant. Nothing in this section shall be construed as a consent by Landlord to any assignment of this Lease or any interest in it by Tenant. >>>>>

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Comments:
: : The owners of building are responsible for the whole amount of the lease..

: : The landlord had no legal right to assign the lease.
: : The landlord must honor the lease even if he/she just brought the building...
: : If the Landlord croaks then the landlords estate is responsible for honoring the obligations of the lease...

: : 
: : as always is such a breath of fresh air to have folks like you to remind me that there are good people on the planet...in comparison to you of course.

: : 
: : Will

: 
: : : You are responsible for the whole amount of the lease..NO EXCUSES..

: : : If you die your estate is liable for the rent until it is vacant.

: : : YOU have NO LEGAL right to assign the lease,

: : : YOU have NO monetary interest in the property.

: : :  YOU can only get out of Paying the FULL amount of the lease with the landlord's permission.

: : 
: : : : I was wondering if anyone here knew EXACTLY what this paragraph in a lease means?  I would appreciate, in layman's terms, an explaination.  Thank you.   ~Kathleen

: : : : >>>>>Binding on Successors
: : : : 	This lease shall be binding on and shall inure to the benefit of the heirs, executors, administrators, successors, and assigns of Landlord and Tenant. Nothing in this section shall be construed as a consent by Landlord to any assignment of this Lease or any interest in it by Tenant. >>>>>



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