Tag: Florida Premises Liability Lawyers

There are several important real estate cases coming up in 2018 which property owners, landlords, and business owners should keep their eyes on. Below, we discuss these in more detail:

Tenants Must Serve Out Remainder of Leases

In a December legal dispute between Starbucks and Simon Property Group LP, a judge sided with the property group in deciding that Starbucks paying out the remainder of its leases with Simon Property was not enough, and the company also had to keep its stores open even after paying off the leases. This is a new precedent, as there are millions of contracts between landlords and “tenants” (or businesses) with these exact terms in them; terms which have historically been interpreted to mean that monetary damages were sufficient for businesses like Starbucks to get out of their leases.

Office Space Models

In another big case, one ground lessor company (Siegel Family Associates LLC) has objected to the decision made by the landlord company (Cohen Brothers Realty & Development)  to lease a separate office space to a company called WeWork, arguing that the lease would violate their own lease agreement because WeWork would not be occupying the space, but rather, subleasing it (due to the type of business WeWork runs, specifically, too many people would be “coming and going”). The question posed in the case is a unique one—indeed, it is a case of first impression—and one that will be watched closely, given the growing popularity of this type of office space model around the country.