Manager Charged Tenant Impermissible Insurance Premiums

September 27, 2009
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Facts: Between 1998 and 2005, a tenant signed lease agreements for 15 of its electronics stores in various shopping centers managed by a real estate investment trust. The lease agreements required the manager to obtain property and liability insurance for the common areas of the centers. Each tenant in the centers was responsible for reimbursing the manager for its pro rata share of the cost.

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