Christy L. Abbott Published in Commercial Leasing Law and Strategy

Christy L. Abbott's article "The Perils of Failing to Timely Collect Rent Increases" appeared in the August issue of Commercial Leasing Law & Strategy, published by Law Journal Newsletters. The article examines what recourse landlords have (or don't have) when they fail to collect automatic rental increases as stipulated in their leases. The article includes a review of court decisions discussing this situation with various outcomes. In order to avoid confusion and subsequent legal battles, Christy suggested specific points for both landlords and tenants to consider when negotiating lease language related to automatic rent adjustments.

An excerpt reads, "The parties should include specific provisions regarding how such rent adjustments will be calculated, billed, and paid, including any notices to be provided in connection therewith and the time periods for such actions. Landlords should include express provisions that a tenant's obligation to pay such adjusted amounts survives termination of the lease and that any failure by the landlord to notify the tenant or collect such amounts during the lease term does not impair or waive the landlord's right to collect such rent."

Christy practices in the areas of commercial real estate, creditors' rights, and commercial lending. She has experience in complex real estate transactions, loan workouts, restructurings, and foreclosures.


Throughout our Firm's history, Lewis Rice attorneys have made excellence the foundation of our practice. Founded in 1909, more than a century of service has given us the experience, resources and tools to serve our clients' dynamic needs. Our diverse team of more than 150 attorneys provides counsel and solutions for the challenges facing local, regional and national businesses, as well as individuals and families. Lewis Rice maintains offices in downtown St. Louis, suburban Town & Country and Washington, Missouri and Edwardsville, Illinois. We also have offices in downtown Kansas City, Missouri and suburban Overland Park, Kansas.

Resources

Firm Highlights
News

Lewis Rice Wins $1.5 Million in Compensation for Covington Landowners

More
News

A Lawyer’s Guide to the Galaxy Podcast Named Among Best Copyright Law Podcasts for 2021 by Welp Magazine

More
Client Alert

Missouri Now Requires Employers to Provide Leave and Accommodations for Victims of Domestic and Sexual Violence

More
News

Lauren R. Carey Creates New Blog for Social Media Influencers

More
Client Alert

FTC Adds Teeth to the ‘Made in USA’ Rule

More
News

Lewis Rice Recognized as Top M&A Firm by BTI Consulting Group

More
News

61 Lewis Rice Attorneys Named Best Lawyers for 2022, 16 Named Ones to Watch

More
Client Alert

OSHA’s New Guidance Regarding Indoor Mask Wearing, COVID-19 Vaccination Mandates, Regular Testing of Unvaccinated Workers, and More

More
Client Alert

First-Issued Interim Final Rule Gives Guidance on No Surprises Act

More
News

Claims Filed for Compensation in North Carolina Ecusta Trail Rail-to-Trail Case

More
News

Michael R. Thiessen Recognized as Pro Bono Spotlight by KCMBF for August

More
News

Neal F. Perryman Named to Missouri’s POWER List in Employment Law by Missouri Lawyers Media

More
News

Brian P. Pezza Quoted in SHRM Articles on Employee Vaccination Status Disclosure and Employer Vaccination Policies

More
Client Alert

Property Owners Can Push the Issue Under Illinois Mechanic’s Lien Law

More
Diversity & Inclusion

Golf Foundation of Missouri Awards First Larry L. Deskins, Sr. Scholarship

More
Client Alert

Supreme Court Limits Ability to Compel Access to Private Property Without Compensation

More
News

Four Lewis Rice Attorneys Named 2022 “Lawyer of the Year” by Best Lawyers

More
Client Alert

FTC Reverses Course on Treatment of Debt Payoff Under HSR Act

More
News

Michael D. Mulligan Publishes Article in ACTEC Law Journal Comparing Sales to an Intentionally Defective Irrevocable Trust and a to Beneficiary Intentionally Defective Irrevocable Trust

More
News

John C. Bodnar Named BTI M&A Client Service All-Star

More