Legal Question in Landlord & Tenant Law in Florida
I have a NNN retail lease in Florida. Currently in the middle of a renewal option. After over 8 years, the anchor tenant was removed from calculation of management fees, more than doubling our obligation. Is such a modification legal and binding?
Asked on 8/10/15, 8:39 am
2 Answers from Attorneys
David Slater
David P. Slater, Esq.
Without reading your lease, no one can answer properly.
Answered on 8/10/15, 9:07 am
Barry Stein
De Cardenas, Freixas, Stein & Zachary
Your lease controls such things. Mr. Slater is correct it needs to be reviewed. Calculation of such fees can be done however the landlord and the tenant agree. There is nothing illegal or which would make it not binding if that is what the lease states.
Answered on 8/10/15, 12:26 pm
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