Landlord Couldn't Collect 'Additional Rent' Not Mentioned in Lease

June 29, 2017
| Share | Print

Facts: A shopping center owner and a restaurant tenant signed a lease for a certain amount of space. Under the lease, the tenant was required to pay monthly rent consisting of two components. The first component, called “Minimum Rent,” involved a flat, base amount calculated on the amount of square footage of leased space. This base rate was graduated to increase annually over the term of the lease.

Full Article Access:

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

Not yet ready to subscribe?