OMG67
Registered User
- Sep 1, 2013
- 12,293
- 8,017
A sublet with option to renew for the new tenant (under specified terms) could also be an option. The question is when Hamilton is ready for the AHL team. I am not sure when they can operationally move to Hamilton. Is there a renovation or anything happening that would stall the move to Hamilton? If not, as long as the Senators are willing to sublet the lease and the building owner (I assume City of Belleville) is willing to accept a sublet situation, the OHL franchise can agree to the existing terms of the lease and upon lease completion, execute the new lease.
The sublet protects the landlord. If the new tenant is unable to pay the lease, the onus is on the lease holder (Senators) to pay the lease in full.
