Conflicting Master Lease and Sub Lease
Hi All,
I have a client who has a property that he has leased to a master tenant with the understanding that the master tenant can sublease rooms to meet rent obligations.
Everything has been going pretty smoothly for years, but a number of problems have arisen that my client does not want to renew the lease with the master tenant that expires at the end of the month. Notice was properly given etc.
The problem is that the master tenant sublet to a number of subs with leases that extend beyond the term of the master lease.
Any thoughts on how to approach this?
Many thanks,
Wm