Court Finds No Implied Term for Construction Completion in Lease

Court Finds No Implied Term for Construction Completion in Lease



Facts: A tenant signed a lease for space for its restaurant. At the time the lease was signed, the owner was in the process of gutting and remodeling the premises, including installing an elevator. To install the elevator, the owner was required to draw up architectural plans, obtain permits, demolish portions of the building, order the elevator, and upgrade the electrical system. The elevator had to be completed before the tenant could obtain a restaurant liquor license.

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