Gabi
12-15-2008, 08:48 PM
Tenant/landlord commercial building
Lease state that construction will be split 50% city, 25% tenant, and 25% landlord. With the city providing $20K for the project. The project exceeds $40K landlord what to split anything over the $20K city is providing with tenant. In one letter from Tenant to Landlord, tenant wrote that she would work closely with landlords project manager but would not pay anything above $10K for project and that Landlord will come up with anything exceeding that amount. Landlord acknowledged letter and replied only that Landlord does not agree with the refund of first month rent and deposit.
Can Landlord force tenant to split cost, and if tenant refuses to pay can Landlord void contract with out penalties? Tenant has spent $5k in architectural fees, $80K in merchandise, and $6k in advertising new location. Can tenant expect to get any of that back?
Lease state that construction will be split 50% city, 25% tenant, and 25% landlord. With the city providing $20K for the project. The project exceeds $40K landlord what to split anything over the $20K city is providing with tenant. In one letter from Tenant to Landlord, tenant wrote that she would work closely with landlords project manager but would not pay anything above $10K for project and that Landlord will come up with anything exceeding that amount. Landlord acknowledged letter and replied only that Landlord does not agree with the refund of first month rent and deposit.
Can Landlord force tenant to split cost, and if tenant refuses to pay can Landlord void contract with out penalties? Tenant has spent $5k in architectural fees, $80K in merchandise, and $6k in advertising new location. Can tenant expect to get any of that back?