Quote:
Originally Posted by njbchbum
Isn't that building being renovated to facilitate first floor retail - and perhaps this is the last piece in that plan? And that's why TV would not offer to renew?
|
Could be. But these kinds of plans don't materialize over night.
At the signing of their original or last lease, they knew when they signed there either was a clause for renewal or there was not. There is usually discussion about including the renewal just simply because it costs nothing...adds not commitment and locks in the property. When the lease is up either renew or not.
So at some point these folks must have signed a lease, knowingly, with no lease renewal clause.
The real question is whether there was a renewal in the lease or not? If yes and TV does not renew it would be breach of contract.
If there was no renewal clause they knew that at the time of signing, there would be no assurance they would get a renewal.
It is easy and convenient to just say I could not get my lease renewed....which may in fact be true, but known way in advance (at lease signing)!!