Lack of Witness at Lease Signing Doesn't Negate Agreement

October 28, 2008
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Facts: An owner operating as a limited liability company (LLC) signed a 10-year lease with a tenant while the building was still under construction. When the building was almost completed, the owner backed out of the deal, claiming that the lease was not valid, because there were no witnesses at the signing, as required by law. The tenant sued the owner, claiming that the lease should be honored because the law allows corporations to sign leases for more than one year without witnesses. The court ruled for the owner, and the tenant appealed.

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