Northside Station Associates v. Maddry
North Carolina Court of Appeals
413 S.E.2d 319 (1992)
Relevant factsFree
Stanley, one of two original tenants under a lease from Northside, conveyed his interest to Maddry under an agreement expiring on the same date as the original lease, retaining no reversion, but Margaret, his co-tenant, was not a party to that conveyance; when Maddry held over after the lease expired without executing a new lease or paying increased holdover rent, Northside sued her directly, and the trial court dismissed for lack of privity, treating the conveyance as a sublease.
IssueFree
Whether a lease agreement that conveys an entire interest in leased property constitutes an assignment, which creates privity of estate between the original lessor and new tenant.