Question
Now that you have decided on your form of organization and obtained your intellectual property, you need to sign a lease to obtain your retail
Now that you have decided on your form of organization and obtained your intellectual property, you need to sign a lease to obtain your retail space. You find a great space for your business and decide the sign the lease. The lease states the retail space is 1200 square feet. Both parties sign the lease and once you start to move in, you realize the space is only 1150 square feet. 1200 square feet was the absolute minimum amount you needed. You also discover that the landlord knew this when developing the lease but though it was okay to "round up" to 1200 square feet. Could this be considered misrepresentation? In your analysis, list the specific elements used to determine if misrepresentation occurred and discuss each element as it relates to this situation.
Now that you have decided on your form of organization and obtained your intellectual property, you need to sign a lease to obtain your retail space. You find a great space for your business and decide the sign the lease. The lease states the retail space is 1200 square feet. Both parties sign the lease and once you start to move in, you realize the space is only 1150 square feet. 1200 square feet was the absolute minimum amount you needed. You also discover that the landlord knew this when developing the lease but though it was okay to "round up" to 1200 square feet. Could this be considered misrepresentation? In your analysis, list the specific elements used to determine if misrepresentation occurred and discuss each element as it relates to this situation.
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