Leonard, Street & Deinard v. Marquette Associates

OPINION

SEDGWICK, Judge.

Leonard, Street and Deinard, tenants of the National City Bank Building in Minneapolis, sought a judgment declaring that their landlord, Marquette Associates, could not refuse consent to an assignment of their lease to the National City Bank. The trial court granted the relief, and the landlord appealed. We granted respondent’s motion for expedited review. We reverse.

FACTS

In March 1975, Leonard, Street and Dei-nard (“tenants”) entered into a fifteen-year lease for the twelfth floor of the National City Bank Building. The lease had been negotiated over a period of many…