Correctly Interpreting Long-Term Leases Pursuant to Modern Contract Law: Toward a Theory of Relational Leases

Traditionally, the courts have used property law rules to enforce clauses in leases that allow the lessor to withhold consent arbitrarily when the lessee seeks to assign or sublet property. Some recent cases, such as Kendall versus Ernest Pestana Inc. (1985), evidence a growing trend whereby courts...

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