Where is the GOTCHA CLAUSE in the lease agreement between RK Centers and Ross For Less? Isn't it among the most critical provisions of RK Centers and Ross For Less Memorandum of Lease? NO…
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This is another example that Raanan Katz and RK Centers apply "GOTCHA CLAUSE" exclusively to small business owners with limited or no financial legal resources. Small business owners have been beaten up and injured by RK Centers gotcha, against public policy actions. It is time to STOP it NOW!!!
“This Memorandum of Lease is effective upon recordation and is entered into by
and between R.K. CAUSEWAY PLAZA, LLC, an Oklahoma limited liability company
("Landlord"), having its principal place of business at 17100 Collins Avenue, Suite 225, Sunny Isles Beach, FL 33160, and ROSS FLORIDA DRESS FOR LESS, L. C., a Florida limited liability company ("Tenant"), having its principal place of business at 8311 Central Avenue, Newark, CA 94560-3433, who agree as follows:
By written lease (the "Lease"), Landlord leases to Tenant and Tenant hires from Landlord a portion of the real property located in the City of North Miami, County of Miami-Dade, State of Florida, described in Exhibit A hereto, for a term of approximately ten (10) years which term is subject to extension by Tenant for four (4) additional periods of five (5) years each.”
Where is RK Centers “standard industry” automatic lease renewal and acceleration clauses here???
This is another example that Raanan Katz and RK Centers apply "GOTCHA CLAUSE" exclusively to small business owners with limited or no financial legal resources. Small business owners have been beaten up and injured by RK Centers gotcha, against public policy actions. It is time to STOP it NOW!!!
“This Memorandum of Lease is effective upon recordation and is entered into by
and between R.K. CAUSEWAY PLAZA, LLC, an Oklahoma limited liability company
("Landlord"), having its principal place of business at 17100 Collins Avenue, Suite 225, Sunny Isles Beach, FL 33160, and ROSS FLORIDA DRESS FOR LESS, L. C., a Florida limited liability company ("Tenant"), having its principal place of business at 8311 Central Avenue, Newark, CA 94560-3433, who agree as follows:
By written lease (the "Lease"), Landlord leases to Tenant and Tenant hires from Landlord a portion of the real property located in the City of North Miami, County of Miami-Dade, State of Florida, described in Exhibit A hereto, for a term of approximately ten (10) years which term is subject to extension by Tenant for four (4) additional periods of five (5) years each.”
Where is RK Centers “standard industry” automatic lease renewal and acceleration clauses here???