A recent California decision miraculously vacated an arbitration award in a commercial lease dispute. The Columbus Club Inc. owned a banquet room, and leased to a commercial caterer, who did over $300,000 in tenant improvements. The Lessee intended to hold weddings at the location. At their first event, the police…
A California commercial lease had an early termination provision. One requirement to exercise was to pay $136,000 on the date of termination. The tenant terminated, and made this payment partly by check, and applied the security deposit for the balance. The landlord kept the check, but claimed the lease was…