Tenant Can't Use Lease Drafts to Dispute Owner's Termination

Tenant Can't Use Lease Drafts to Dispute Owner's Termination



Facts: A drugstore tenant signed a lease with the owner of property that was about to be developed into a shopping center. The tenant and owner agreed that unless the center had been built by a specified date, either party would have the right to terminate the lease—for any reason. Because the owner was unable to obtain approval for a traffic signal to be installed at the center, it stopped developing the property and terminated the lease prior to the specified date.

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