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Landlord shall purchase and maintain extended property coverage and comprehensive general liability insurance on the Premises, including a property damage. What Are Tenants' Rights?Instead, when a sublease occurs, the original tenant retains both privity of estate and privity of contract with the landlord. A sublease is a rental agreement (fixed-term or month-to-month) between tenants. At the termination of this Lease such subleases shall terminate and Lessee shall have no further obligations thereunder. When a landlord or its attorney prepares an initial draft of a lease on the landlord's form, it is expected that the tenant will simply.