56 Pa. Super. 557 | Pa. Super. Ct. | 1914
Opinion by
The material parts of the lease involved in this litigation and the nature and facts of the case are
This being so, and there being nothing in the lease restrictive of the rights of the lessee in this particular, the assignability of the term after entry and of the interest of the lessee before entry logically follows. The power of assignment is incident to the estate of every lessee unless it is restricted by the terms of the lease: Greenaway v. Adams, 12 Ves. 395. It exists without the use of the word “assigns:” 24 Cyc. L. & P. 962; 13 Am. and Eng. Ency. of Law (2d ed.) 659; Williams v. Downing 18 Pa. 60. Whether the term is to commence immediately or at a future date the interesse termini at once vests in the lessee upon the execution of the lease. And an interesse termini is a marketable interest assignable at law: Lock v. Furze, 19 C. B. (N. S.) 96, 120; Taylor on L. & T. (9th ed.) sec. 15. Applying these
We have carefully examined all of the authorities cited in the brief of the learned counsel for the appellant and do not find that the foregoing conclusions are in conflict with any of them. All of the questions raised on this appeal, as well as other subsidiary ones which arose on the trial, were correctly decided by the learned trial judge and the decision of the case might well be rested on his opinion.
The assignments of error are overruled and the judgment is affirmed.