How effective and important is the Pugh Clause in a lease? If the current lease contains
a Pugh Clause and the current lease is sold or traded, does the Pugh Clause still stay in
affect?
Your lease and all of its terms stay in effect regardless of any assignments, in whole or in part, to other operators. Be careful to understand all of the provisions in any lease you sign as it can easily remain in effect for decades.
Thank youTennisDaze.