Commercial Leases: Five Clauses Landlords Should Get Right
A well-drafted commercial lease is about more than recording the monthly rental. When the relationship between landlord and tenant breaks down, the wording of the lease can determine how quickly and effectively a landlord can respond. While every lease should be tailored to the property and the parties involved, there are five provisions landlords should […]
Being under the assumption that a lease agreement is due to terminate albeit prematurely; Can the status quo of the lease agreement be restored?
Written by Darren Swartz It often happens where both parties to a contract incorrectly interpret a term, or err under a mistaken assumption, for example that a lease agreement is due to terminate earlier than what is stated therein. In this case, could one say that a ‘common mistake’ occurred, in that both the landlord […]