Assignee Had Duty to Read Lease Documents

June 29, 2016
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 Facts: A tenant assigned its lease for office space. The assignee later claimed that the owner was required to pay a tenant improvement allowance (TIA). The assignee based its argument on lease drafts that had discussed a TIA. But the final version of the lease, which the tenant and owner signed, didn’t have a TIA provision. The owner refused to pay the TIA, arguing that it hadn’t agreed to pay it and that the lease didn’t obligate it to.

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