This case has been cited 1 times or more.
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2004-11-18 |
PANGANIBAN, J. |
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| The objective of the law in prohibiting the assignment of the lease without the lessor's consent is to protect the owner or lessor of the leased property.[15] In the case of cession or assignment of lease rights on real property, there is a novation by the substitution of the person of one of the parties -- the lessee.[16] The personality of the lessee, who dissociates from the lease, disappears; only two persons remain in the juridical relation -- the lessor and the assignee who is converted into the new lessee.[17] | |||||