A tenant was running a business that turned over a substantial amount annually, on a very large
Question:
A tenant was running a business that turned over a substantial amount annually, on a very large area of land which where the amount of rent charged had not changed for years.The landlord approached the tenant seeking to obtain a new lease agreement, this time at double the amount of rent previously charged. Investigation shows that it will cost more than $2 for the tenant to relocate the business, if they were even able to find a suitable location to relocate to. The landlord on the other hand believed that they were entitled to raise the rent, seeing as it had not changed in many years. In the lease agreement between the landlord and the tenant there was no clause providing for how the dispute can be resolved. The tenant refused to pay the increased rent and made a claim with the commercial rent tribunal. a) Identify, analyse and discuss the most suitable dispute resolution mechanism applicable to the scenario. Provide reasons for your answer, with reference to the fact situation and the law.
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts