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DRAFT FOR ATTORNEY REVIEW — NOT FINAL

Robert L. Lennon v. United States Theatre Corporation, 920 F.2d 996 (1990)

Citation
Robert L. Lennon v. United States Theatre Corporation, 920 F.2d 996 (1990)
Parent Document
Robert L. Lennon v. United States Theatre Corporation, 920 F.2d 996 (1990)
Effective Date
1990-12-07

Other Sections in This Document (59)

Full Text

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These common law rules are at best awkward. The landlord’s right to rent is subject to the risk of the tenant’s insolvency or disappearance. For his part, the tenant remains liable for the rent, with his ability to reduce the loss by bringing in a replacement tenant often subject to restrictions on sublease and assignment. Although the parties may negotiate their way out of the dilemma, there is some risk that they will fail to do so, resulting in wasteful non-use of the property and an increase in the losses the parties must bear.