Stark & Stark Shareholder Jerry A. Nelson, member of the Commercial, Retail Industrial, and Multi-Family Real Estate Group, authored the article “Landlord Wins Lawsuit Due to Good Lease and Procedures; Tenant Barred from Relitigating Issues” which was published on May 15, 2015 in the Mid Atlantic Real Estate Journal.
The article discusses how good leases and guaranties can help landlords make and save money. In a recent unpublished decision that involved a breach of a commercial lease by tenants and a guarantor that failed to pay rent, “the trial court granted landlord’s motion for summary judgment and found the tenants and guarantor liable for a judgment in the amount of $324,119.20 plus costs because the lease and guaranty were clear and unambiguous.” The Appellate Division affirmed the trial court’s ruling.
This case is important for landlords because it shows the value of preparing a well drafted lease and guaranty. If you want to assure that you have the lease, guaranty, and procedures you need to win a dispute, it is important that you speak with experienced counsel.
You can read the full article by clicking here.
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