Business Law Scenario Commercial Property

To burgeon forth what you believe is a terrific idea for a video game, you employ 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 in spite of appearance two years. Several months into the term, a competitor unexpectedly releases a new-made 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. You would need the landlord here to get approval to an assignment of the lease.Any lying-in would require a contract since the current lease is between you the inhabit and the landlord. All leases hold whatever type of clause that requires the landlord to consent to a project or sub lease. In most situations the landlord would permit the pact of your lease assuming that he or she has proper credit history. exclusively in somewhat cases it depends on the limited liability company and if it allows it. What your competitor does has no affect on your lease.It would be nice to help bump some money that they have invested in the lease and to recover some of the loss, if it is aloud, hopefully the commercial space limited liability company allows it, because that would be really nice to recover some cost and not be completely in the whole. You would have to hope that a commercial property limited liability company would work with you, but in some cases a lease is a lease no questions asked and if they decide no then that is all you can do and you ordain have to educate a loss. But I think if you are honest you will be okay and they will be fair.