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COMMERCIAL TENANCIES - Lease - Renewal

Wednesday, February 21, 2018 @ 8:48 AM  

Appeal by the tenant from an order declaring that the ground lease terminated in May 2017 and that the tenant had not properly exercised its option to renew in accordance with the lease. In March 1997, the parties entered into a 21-year ground lease in respect of the premises. The tenant operated a restaurant on the premises and had built and renovated the restaurant, investing significant funds. The parties agreed the original term of the lease would end on March 10, 2017. The lease included an...