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Updated about 1 month ago, 10/23/2024
Can lease be terminated if no term nor termination date is specified in the lease?
Working on a small multi tenant industrial deal where there are a few tenants have leases that are missing information such as term, lease end date. I want to have the capacity to terminate their lease if needed.
Is that lease valid? Or does the tenant have some rights to stay since there isnt an end date? There 50 other leases in the building which clearly specify a 1 yr term then go month to month which Im sure was the intent here but the leasing manager neglected to fill out the info.
One of the weirdest lease things Ive seen.