California Civil Code 1995.240 – A restriction on transfer of a tenant’s interest in a lease may …
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A restriction on transfer of a tenant‘s interest in a lease may provide that the transfer is subject to any express standard or condition, including, but not limited to, a provision that the landlord is entitled to some or all of any consideration the tenant receives from a transferee in excess of the rent under the lease.
(Added by Stats. 1989, Ch. 982, Sec. 2.)
Terms Used In California Civil Code 1995.240
- Landlord: includes a tenant who is a sublandlord under a sublease. See California Civil Code 1995.020
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Lease: means a lease or sublease of real property for other than residential purposes, and includes modifications and other agreements affecting a lease. See California Civil Code 1995.020
- Restriction on transfer: means a provision in a lease that restricts the right of transfer of the tenant's interest in the lease. See California Civil Code 1995.020
- Tenant: includes a subtenant or assignee. See California Civil Code 1995.020