QUESTION
Do I as a lessee have the right to compensation if my lease cost is based on sq.ft. and I have less sq.ft than is indicated on my lease.
Asked on Jul 11th, 2018 on Real Estate - Michigan
More details to this question:
I was measuring the sq.ft of my store and found out that I occupy much less sq.ft than my lease is based on. 1689sqft vs. 1884sqft. Do I have a right to the over payment?
1 ANSWER
Real Estate Law Attorney serving Holland, MI
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Cunningham Dalman
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Maybe, if there was a mutual mistake of fact. But there are different ways of measuring space in a building and it may be that you and the lessor used different methods. It is worth a discussion with your lessor.
Answered on Aug 06th, 2018 at 7:55 AM