When you acquire a new IP with an existing lessee with an existing lease agreement, can the lessor provide a novation of the lease agreement with new clauses on the agreement?
For instance, there are 20 clauses/terms in the agreement and the lessor wants to add 5 more critical terms to the agreement with the existing tenant.
Would the lessor's broker/firm compose a newly composed agreement with the same terms (such as monthly lease, # of years leased, and other essential terms) and add the new terms to the agreement?
Thank you in advance.
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11-11-2005 04:07 PM #1
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Novation To An Existing Agreement
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11-11-2005 09:15 PM #2
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Re: Novation To An Existing Agreement
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11-14-2005 09:42 PM #3
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Re: Novation To An Existing Agreement
Originally Posted by realestateabc
Thanks for the reply. Will do that.
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