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Posted by dave on March 10, 2001 at 17:30:21:

In Reply to: Residential Lease Question posted by Kathleen on March 10, 2001 at 10:23:40:

You are responsible for the whole amount of the lease..NO EXCUSES..

If you die your estate is liable for the rent until it is vacant.

YOU have NO LEGAL right to assign the lease,

YOU have NO monetary interest in the property.

YOU can only get out of Paying the FULL amount of the lease with the landlord's permission.

: I was wondering if anyone here knew EXACTLY what this paragraph in a lease means? I would appreciate, in layman's terms, an explaination. Thank you. ~Kathleen

: >>>>>Binding on Successors
: This lease shall be binding on and shall inure to the benefit of the heirs, executors, administrators, successors, and assigns of Landlord and Tenant. Nothing in this section shall be construed as a consent by Landlord to any assignment of this Lease or any interest in it by Tenant. >>>>>

Follow Ups:

• Gee Dave the same goes for Landlords Will 03/12/01 (1)
  • Thanks Will...nt Kathleen 03/12/01 (0)

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Comments:
: You are responsible for the whole amount of the lease..NO EXCUSES..

: If you die your estate is liable for the rent until it is vacant.

: YOU have NO LEGAL right to assign the lease,

: YOU have NO monetary interest in the property.

:  YOU can only get out of Paying the FULL amount of the lease with the landlord's permission.


: : I was wondering if anyone here knew EXACTLY what this paragraph in a lease means?  I would appreciate, in layman's terms, an explaination.  Thank you.   ~Kathleen

: : >>>>>Binding on Successors
: : 	This lease shall be binding on and shall inure to the benefit of the heirs, executors, administrators, successors, and assigns of Landlord and Tenant. Nothing in this section shall be construed as a consent by Landlord to any assignment of this Lease or any interest in it by Tenant. >>>>>



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