Owner Wins Chance to Prove Accelerated Rent Claim at Trial

What Happened: Six years into its 10-year term, an owner exercised its lease right to adjust a dental clinic tenant’s rent. But the clinic refused to pay the increase and moved out. The owner claimed the clinic was in default, terminated the lease, and demanded $1.5 million in accelerated rent due over the rest of the term. The clinic argued the accelerated rent clause was an unenforceable penalty and asked the court to dismiss the claim.

Full Article Access:

Full access to complete articles from Commercial Lease Law Insider is for subscribers only.

Not yet ready to subscribe?

Topics