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What Happened: Soon after acquiring a hotel, the new owner terminated the lease with the beachside scuba rental concession tenant. The tenant cried foul and sued for damages. The case all turned on the following lease clause: “Term: this lease shall be enforced commencing on September 18, 2007 and terminating on the demolition of the property” (emphasis added).
Since the property wasn’t demolished, the tenant claimed that the lease was still in effect. But the court disagreed and upheld termination.
