Lease Renewal Retracted

[Vivver]

Can my landlord at a commercial site first extend my lease and then changes his mind after written consent. His consent to the lease extension allowed me to negotiate the sale of my business to my employees and without the lease, I lose my business and the potential sale of the business. Does the landlord need to compensate me for the loss of the monies the sale would have generated? What are my legal recourses?

 

[LL]

I thought that you didn't sign the lease, and that's why he decided not to renew it.

 

[Vivver]

retracted lease extension

I did not sign the lease as the management commpany did not prepare the papers since there was a question abooout having my husband also sign. Arizona is a community property state and the landlord wanted his signature also. I own the business through a corporation and wanted to sign as the officer of the corporation. I think the landlord just wanted a personal guarentee. Can he rescind the lease extension he granted through the letter from the management company?

 

[LL]

Yes, if the contract was not accepted and signed.