Legal Information

Counsel’s Corner:

Commercial Leasing (times two)

by Stuart Lautin, Esq.

       On March 15, 2001, 175 Broad Street LLC (landlord) entered into a five-year lease with The Nead Organization, Inc. (tenant) for 12,017 SF in a commercial building. The lease was amended and extended in September 2005.

The holdover provision stated that if Nead continued occupancy after March 31, 2011 without the Landlord’s consent, then Nead would pay double the amount of base rent….

….. Read More.


 

Stuart A. Lautin, Esq.* Counsel to NTCAR

Higier Allen & Lautin, PC

5057 Keller Springs Road, Suite 600, Addison Texas 75001

P: 972.716.1888 | E: slautin@higierallen.com | W: www.higierallen.com

* Board Certified, Commercial (1989) and Residential (1988) Real Estate Law, Texas Board of Legal Specialization


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