I’m a small business owner leasing a part-time office from a company since 2 years ago. A new manager came on board (after my current lease has been automatically renewed) saying that the company can no longer honor the negotiated terms that are in our written contract. She blames the previous management for not doing their job and bending the rules and causing the company to lose money. She said when a lease is automatic renewed; all the negotiated terms that are listed in the Comments section of the initial contract will be disregarded. Tenants are forced to agree on only what it says in the default Terms & Conditions document after the length of the initial term. My contract is from July 1st to June 30th.
Part of the office lease contract says: “Your agreement lasts for the period stated in it and will then automatically be extended for successive periods equal to the length of your initial term until brought to an end by you or by Company X. All periods shall run to the last day of the month in which they would otherwise expire. The fees on any renewal will be the then current market price as specified by Company X. In all other respects, your agreement will renew on the same terms and conditions. Either Company X or you can terminate this agreement at the end date stated in it, or at the end of any extension or renewal period, by giving at least three months written notice to the other.”
The manager and the Area Director want to disregard the negotiated terms that were put in the Comments section of the initial contract signed two years ago. They want me to sign an amendment to our current contract, of course, without those negotiated terms. What are my rights?
What is your interpretation of the above paragraph? Her definition of terms & conditions is the default document and my understanding of terms and conditions are what we agreed on initially including things that are written in the Comments section.
Thanks so much for your feedback,