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LEASE OPTION/RENEWAL DEADLINES ARE NOT WRITTEN IN STONE

Luxury Homes and Estates of Florida Magazine
by Houston E. Short

If you miss a lease renewal deadline consult an attorney.

Leases often grant the tenant the right to renew the lease for an additional term. However, tenants routinely forget to give the appropriate notice. Once the error has been discovered the tenant provides a delinquent notice.

The landlord may terminate the lease in order to sell the property or re-let the premises and collect higher rent. The tenant can suffer extreme hardship due to loss of business location and loss of investment from build out of the premises. The courts can and do intervene on behalf of tenants to reinstate and mandate the renewal of a lease for an additional term. The courts recognize that it may be inequitable for a landlord to seize upon a technical breach to deny a tenant valuable property rights. The court may reinstate and renew the lease if the following factors are presented: More.....


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