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Landlord L owns two contiguous parcels of land. L leases both parcels to Tenant T for $1,000 per month per parcel or a total of
Landlord L owns two contiguous parcels of land. L leases both parcels to Tenant T for $1,000 per month per parcel or a total of $24,000 per year; the rent is payable at the end of the each year. the lease is for a 10 year period. Upon the following events, which occur more than one year after the lease is signed, what are the results: To L if L sells the right to the rents on both parcels, prior to any rental payments being due or paid, to a third party for $20,000? To L if T pays L $20,000 to cancel the leases on both parcels? To T if T pays T $20,000 to cancel the leases on both parcels? To T, if after subleasing one of the parcels of land to S for $1200 per month for a five year period, S pays T $10,000 for all T's rights in the lease on that parcel and L releases T from the lease and accepts S as the new tenanat? To T if S subleases one parcel of land from T at $1200 per month for the remainder of T's ten year period? Landlord L owns two contiguous parcels of land. L leases both parcels to Tenant T for $1,000 per month per parcel or a total of $24,000 per year; the rent is payable at the end of the each year. the lease is for a 10 year period. Upon the following events, which occur more than one year after the lease is signed, what are the results: To L if L sells the right to the rents on both parcels, prior to any rental payments being due or paid, to a third party for $20,000? To L if T pays L $20,000 to cancel the leases on both parcels? To T if T pays T $20,000 to cancel the leases on both parcels? To T, if after subleasing one of the parcels of land to S for $1200 per month for a five year period, S pays T $10,000 for all T's rights in the lease on that parcel and L releases T from the lease and accepts S as the new tenanat? To T if S subleases one parcel of land from T at $1200 per month for the remainder of T's ten year period
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