In triple net office leases, tenants are required to reimburse landlords for a portion of the building’s overall operating expenses. These expenses cover the costs of operating and maintaining a commercial property. Operating...more
Commercial landlords often rely on anti-assignment provisions to restrict the ability of tenants to assign their interest in a lease to a third party. Such provisions often restrict assignments by “operation of law,” which...more
In its recent decision in Jahangiri, et al. v. 1830 North Bayshore, LLC, the Third District Court of Appeal asserted that a lease extension option based on “market rate” is insufficient to create a binding and effective...more
9/25/2018
/ Appeals ,
Binding Contractual Rules ,
Commercial Leases ,
Contract Drafting ,
Contract Renewal ,
Contract Terms ,
Market Rate ,
Real Estate Market ,
Renewal Options ,
Rental Property ,
Rental Rates ,
Unenforceable Contract Terms