Question
Windsor Park Mall enters into a 20 year lease with Snug-as-a-Bug Rug Sales & Rentals, purveyors of the finest in men's toupees and hairpieces. After
Windsor Park Mall enters into a 20 year lease with Snug-as-a-Bug Rug Sales & Rentals, purveyors of the finest in men's toupees and hairpieces.
After 12 months into the lease term, however, Snug-as-a-Bugvacates its store in the mall andbreaks its lease
Under Texas contract law, Windsor Park Mallmust:
1.file notice with the Texas Secretary of State website.
2.try to mitigate its damages byusing reasonable means to find a new tenant.
3.sell the premises in order to recover any damages.
4.avoid leasing the premises to a new tenant for a period of at least 12 months in order to recover damages fromSnug-as-a-Bug.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started