Out of Home Attorneys on Lease Assignability (Billboard Insider)
Insider wrote this in A Billboard Lease is Not a License: Make sure your billboard leases have language which says the agreement inures to the benefit of successors and assigns. Your billboard lease should also contain a clause permitting assignment without consent. Some landlords will object. Next best is language which says that the lease can be assigned with consent which is not to be unreasonably withheld. What if your billboard lease is silent with respect to assignability? In most states that means that consent is not required to assign the lease but get legal counsel if you are in doubt. […]
Mon, Jun 7, 2021 at 12:30 PM