Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Essay QuestionReal Property Oscar owned a two-story building, and lived on the second floor. On January 1, Oscar leased the bottom floor of the building

Essay QuestionReal Property Oscar owned a two-story building, and lived on the second floor. On January 1, Oscar leased the bottom floor of the building to Tom, who intended to use it to operate a greeting card store. The lease was for a three-year term at a rental rate of $24,000 per year, payable in monthly installments of $2,000 per month. The lease contained a provision that subleases were not permitted"without the written consent of Oscar." Business at the greeting card store was not what Tom had hoped it would be, and so in July of the first year, Tom told Sally that he would sublease the premises to her. Tom and Sally signed an agreement whereby Sally would lease the space from Tom for the remaining period of the lease and for the same amount that Tom was paying to Oscar.Sally removed all of Tom's furnishings from the bottom floor and, at considerable expense, outfitted the property so that she could operate a bakery. Neither Tom nor Sally consulted Oscar about this arrangement or obtained his written consent. However, because he was living upstairs from the business, Oscar was aware of what was going on. As was the case with Tom, sales at Sally's bakery were not what she had hopedfor, and that October, Sally closed her bakery and abandoned the premises. While all rent had been paid up to that point, beginning November 1, neither Sally nor Tom paid any rent to Oscar. At the end of December, Oscar filed suit against Tom and Sally for the unpaid rent?

Who, if anyone, is liable to Oscar for the unpaid rent? Discuss.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Employment Law For Business

Authors: Dawn Bennett Alexander, Laura P Hartman

6th Edition

978-0073377636, 73377635, 978-0077347383

More Books

Students also viewed these Law questions