LEASE RENEWAL
Category News
Against the backdrop of a messy lease renewal, the Court here found that the lease had in fact been renewed, despite the absence of a signed agreement and the tenant's late notification of its intention to exercise an option to renew. This because the conduct of the landlord was such as to imply that the agreement was in place and that it waived non-compliance with the notice period regarding the option to renew.
For landlords and tenants the judgment is a valuable reminder that failing conscientious paperwork, uncertainty arises and your conduct may, objectively viewed, signify that you have agreed to contract terms, despite a subjective intention to the contrary.
View the summary of the judgement on STBB's website
Author: STBB
