Legal Question in Real Estate Law in California
business rental issue
on a business property, i pay say
$5000 rent. now our lease states the
rent at $5000 with $200 increases
annually. However, our leasing
company has been accepting checks
for $5000 for 2 years now without
the increases. the building was just
sold and the new owner wants us to
pay the $5400 that would have been
due had the rent been increasing
annually. Because in this lease-year
they have accepted (they meaning
the previous company/owners) rent
checks for $5000, does that serve as
an agreement for this cycle(lease
year) to only pay that amount and
not the $5400 the new owner is
asking for? (just to be clear, our lease
obviously transferred to the new
owner as is for now)
1 Answer from Attorneys
Re: business rental issue
no