A lease between the Plaintiff, as landlord, and the Defendant, as tenant, was terminated. Under the Settlement Agreement the Defendant paid the Plaintiff $261,751.73. The Agreement also required the Defendant to make monthly “Surrender Payments” and further provided that if the Defendant defaulted under the Agreement “the aggregate amount of all...
Lease Surrender’s Liquidated Damages Provision Held Unenforceable
By
Mike Berey on February 3, 2021
Topics: liquidation landlord