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
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