Legal Question in Real Estate Law in Texas
lease over payment
I gave a 20 year ground lease to a billboard company.They were suposed to pay 200 per month plus 3% increase yearly. We are into year 10. They have discovered that increases were more than 3%. They ar now demanding I pay back 9 years of over payment or about 5,000. Is this right
Asked on 7/23/07, 6:18 pm
1 Answer from Attorneys
Cheryl Rivera Smith
The Smith Law Firm
Re: lease over payment
No. They can probably demand the last two years, but not more. That demand would be beyond the statute of limitations.
Answered on 7/23/07, 7:31 pm