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This begins our series of posts on assignment and splitting of the dual relationship.
Hypothetical - This hypothetical assumes that Venable leased a storefront to Schumann for 10 years, reserving a rent of $5,000 per month, which Schumann promised to pay.
Question - True or false - Venable can still recover rent from Cobbler based on privity on estate even though Cobbler does not have possession of the premises or anything to do with them.
This continues our series of posts on assignment and splitting of the dual relationship.
Hypothetical - This hypothetical assumes that Venable leased a storefront to Schumann for 10 years, reserving a rent of $5,000 per month, which Schumann promised to pay.
Three years later, Schumann sold his store business to Cobbler, assigning the lease to the premises.
Another 14 months went by and Cobbler abandoned possession and quit paying rent.
Question - True or false Venable can still recover rent from Cobbler based on privity on contract even though Cobbler does not have possession of the premises or anything to do with them.
This continues our series of posts on assignment and splitting of the dual relationship.
Hypothetical - This hypothetical assumes that Venable leased a storefront to Schumann for 10 years, reserving a rent of $5,000 per month, which Schumann promised to pay.
Three years later, Schumann sold his store business to Cobbler, assigning the lease to the premises.
Another 14 months went by and Cobbler abandoned possession and quit paying rent.
Question - True or false— Venable can still recover rent from Schumann based on privity on estate even though Schumann has not had possession of the premises or anything to do with them for more than a year.
This continues our series of posts on assignment and splitting of the dual relationship.
Hypothetical - This hypothetical assumes that Venable leased a storefront to Schumann for 10 years, reserving a rent of $5,000 per month, which Schumann promised to pay.
Three years later, Schumann sold his store business to Cobbler, assigning the lease to the premises.
Another 14 months went by and Cobbler abandoned possession and quit paying rent.
Question - True or false— Venable can still recover rent from Schumann based on privity on contract even though Schumann has not had possession of the premises or anything to do with them for more than a year.
This continues our series of posts on assignment and splitting of the dual relationship.
Hypothetical - This hypothetical assumes that Venable leased a storefront to Schumann for 10 years, reserving a rent of $5,000 per month, which Schumann promised to pay.
Three years later, Schumann sold his store business to Cobbler, assigning the lease to the premises.
Question - True or false— Schumann would now have no further obligation to pay rent.
This continues our series of posts on assignment and splitting of the dual relationship.
Hypothetical - This hypothetical assumes that Venable leased a storefront to Schumann for 10 years, reserving a rent of $5,000 per month, which Schumann promised to pay.
Three years later, Schumann sold his store business to Cobbler, assigning the lease to the premises.
Question - True or false—Cobbler acquired a duty to pay rent based on both privity of contract and privity of estate.
This continues our series of posts on assignment and splitting of the dual relationship.
Hypothetical - This hypothetical assumes that Venable leased a storefront to Schumann for 10 years, reserving a rent of $5,000 per month, which Schumann promised to pay.
Three years later, Schumann sold his store business to Cobbler, assigning the lease to the premises.
This continues our series of posts on assignment and splitting of the dual relationship.
Hypothetical - This hypothetical assumes that Venable leased a storefront to Schumann for 10 years, reserving a rent of $5,000 per month, which Schumann promised to pay.
This begins our series of posts on assignment and splitting of the dual relationship.