Lease renewal

Discussion in 'Growing and Managing a Business' started by hockey2012, Apr 22, 2012.

  1. hockey2012

    hockey2012
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    Hi;

    We own a company that runs a ball hockey league and are leasing property from a land holder. For the last 5 years, the business relationship has been good.
    We are currently in a lease and are coming up to the due date for renewal.

    We are having a problem with the property owner in that he his not renewing our lease. He says he is willing to, but we have been unable to get him to sign it. We have had a meeting were he verbally agreed (with a hand shake) with conditions which were accepted by both parties. An email was sent to him with the details of the agreement and he sent a reply in agreement, but he will not sign the lease renewal now.

    To move will cost money and we believe he is trying to push us out and buy the business.

    Does anybody know if a verbal agreement (with a handshake) with email confirmation is legal ground for a lease renewal?
     
  2. lptprinting

    lptprinting
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    How clearly worded is the email confirmation? I'm sure that will have a great impact whether litigation is possible. If you think he is dodging you in hopes of forcing you out of the business, do you think that a forced renewal would be an ideal situation? The way you portray him, it doesn't seem like he's the confrontational type, but he can still be a thorn in your side especially if you're in a lease with him.
     
  3. Mark T

    Mark T
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    The verbal agreement (with a handshake) won't seriously help you a lot since he can tell that it did not happened, but the email can be a good copy of your agreement, that is, is his email clearly states and interprets his agreement and confirmation on it. What more is his signature - which signifies that he was the one who really agreed at all.
     
  4. hockey2012

    hockey2012
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    The previous years he generally stayed out of our business, but now the lease is coming up for renewal he is contradicting himself and seems to be generally confused, wheather on purpose or not I can't tell.

    If we move it will cost us too much money right now, next year we can leave if necessary.

    We have sent him an email with all the points of the lease agreed to and was returned to us by him agreeing to all the points. We have an ensueing email with his renewal lease attached that we signed, but now he doesn't want to sign it as he want to discuss the same points again. Nothing has been changed in the intervening time.
     
  5. Felix07Richerd

    Felix07Richerd
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    Very nice info about the lease renewal, Much thanks for mentioning your thoughts and time into the stuff you create. I have been pondering about this concern, so many thanks for posting.
     

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