We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
Facts: A shoe store tenant and an owner entered into a sublease, and also into a prospective six-year lease for the same space that was to begin when the sublease ended. The six-year lease gave the tenant a termination option.
After unsuccessfully negotiating a base rent reduction, the tenant's agent orally notified the owner that the tenant would be exercising its right to terminate, but sent the written notice and a check for the termination fee late by the terms of termination clause.
