Owner Didn't Waive Early Termination Provisions

February 28, 2014
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Facts: A lease for storage space for casino equipment gave the tenant an early termination right, provided that it sent a letter in writing to the owner and paid a termination fee by a certain date. During a phone call shortly before the early termination deadline, the tenant told the owner that it intended to move out of the space and that it would send a formal letter and payment in compliance with the lease terms.

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