Assignee Had Duty to Read Lease Documents

 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.

Full Article Access:

Full access to complete articles from Commercial Tenant's Lease Insider is for subscribers only.

Not yet ready to subscribe?