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What Happened: In 2019, a clothing store signed a 10-year lease on commercial property in Chicago, starting in September 2020. But the COVID-19 pandemic hit and the tenant never moved in. In May 2021, the landlord sold the building and terminated the lease. In addition to $1.4 million in unpaid rent from September 2020 to May 2021, the landlord sued the tenant for $3 million representing the rental value of the leased property over the remainder of the lease term after it sold the property.
