Tenant Triggered “Escape Clause”

April 22, 2013
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Facts: A mattress store tenant signed a lease with a shopping center owner for space next to a national chain grocery store. The monthly rent was $5,000. After the grocery store moved out of its space, the tenant stopped paying rent, gave a 60-day notice to the owner, and moved out. At that time it already owed two months of back rent, or $10,000.

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