Tenant Can Sue Owner for Fraudulent Inducement

Tenant Can Sue Owner for Fraudulent Inducement

Facts: A jewelry store that rented space in an outdoor shopping center sued the owner of the center for fraud. At the time the tenant expressed interest in renting space in the center, the owner represented that a second center, “Phase II,” would be built next door, creating a large shopping complex and that national anchor tenants were prepared to rent space in the center and space at Phase II when it was completed, bringing foot traffic to the area around the tenant. In reliance on those representations, the tenant signed its lease.

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