MacDonald's vs. Harness
Apr 20, 2000OUTCOME: Ground Lease was Modified
MacDonald's executed ground lease for 20 years, after which it sought to purchase property under terms of lease. It submitted an appraisal nearly $200,000 less than the Plaintiff's appraisal. Litigat ... ion ensued. Matter was settled by extending the lease for another 10 years at a rent much higher then the previously agreed rent.
