Tag: contract law
Many commercial leases have options to renew in which the tenant has the right to renew the lease for a specified period of time. Most leases state if there is one or several options to renew the lease. A recent California case determined that if a lease is ambiguous as to whether there is one or more options to renew, then the lease will be determine to have only one option to renew.
All construction contracts have certain key features to them, such as the scope of the construction work to be performed, the cost of the work and the time upon which the work is to be completed.