Hi,
I am writing for my partner regarding his business and commercial lease.
He owns a business already that is operating and was securing a lease for a highly sought after area for his second store. He met with the real estate agent at the premises and was informed there was one other party interested, however could proceed and take the lease without waiting for this other party to view the property.
One thing led to another and it was agreed by email that he would sign the lease and take possession this coming Friday. Further negotiations took place and it was agreed the owner would offer 6 weeks initial free rent, with a lease of 3 years with right to renew for 3+3+3
It was stated by the real estate that the owner was happy for him to have the lease and prepared the agreement to lease. He received this lease agreement at 4pm today signed and returned it, then at 6pm the real estate thanked him for the offer to lease and said the landlord has decided to see who offers the best offer and if we wanted to re-submit an offer that needed to be done by 5pm tomorrow.
We have clear emails stating the owner had accepted my partner to lease the store, it was the landlord that offered the 6 weeks free only today, then a sudden change of mind at 6pm tonight.
Can they legally do this, it is a very sought after location. The property is the only commercial property in the area and my partner was intending for it to be a convenience store which would save the community a 15-20 minute drive to the nearest store.
Can someone help with advice?
I am writing for my partner regarding his business and commercial lease.
He owns a business already that is operating and was securing a lease for a highly sought after area for his second store. He met with the real estate agent at the premises and was informed there was one other party interested, however could proceed and take the lease without waiting for this other party to view the property.
One thing led to another and it was agreed by email that he would sign the lease and take possession this coming Friday. Further negotiations took place and it was agreed the owner would offer 6 weeks initial free rent, with a lease of 3 years with right to renew for 3+3+3
It was stated by the real estate that the owner was happy for him to have the lease and prepared the agreement to lease. He received this lease agreement at 4pm today signed and returned it, then at 6pm the real estate thanked him for the offer to lease and said the landlord has decided to see who offers the best offer and if we wanted to re-submit an offer that needed to be done by 5pm tomorrow.
We have clear emails stating the owner had accepted my partner to lease the store, it was the landlord that offered the 6 weeks free only today, then a sudden change of mind at 6pm tonight.
Can they legally do this, it is a very sought after location. The property is the only commercial property in the area and my partner was intending for it to be a convenience store which would save the community a 15-20 minute drive to the nearest store.
Can someone help with advice?
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