Landlord owned a clothing store and agreed in writing to lease the stores basement to another retailer.

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Landlord owned a clothing store and agreed in writing to lease the store’s basement to another retailer. The written lease, which both parties signed,
(1) Described the premises exactly,
(2) Identified the parties, and
(3) Stated the monthly rent clearly.
But an appeals court held that the lease did not satisfy the Statute of Frauds. Why not?

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Business Law and the Legal Environment

ISBN: 978-1111530600

6th Edition

Authors: Jeffrey F. Beatty, Susan S. Samuelson, Dean A. Bredeson

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