[RPPTL LandTen] Arbitration Clauses in Commercial Lease?

[lesstevens]

Taking it out of the court's hands will, obviously, only delay things, and
unless there is a requirement during arbitration to place the rent money in
an escrow or to continue paying, it's a waste of time...and knowing you
George, that's your thinking too..Long Time No Talk..Hope all is well.

 

 

Les H. Stevens, Esquire

Les H. Stevens, P.A.

5301 North Federal Highway

Suite 130

Boca Raton, Florida 33487

Tel. - (561) 989-9797

Fax - (561) 989-8484

E-Mail - lesstevens at earthlink.net

 

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From: landten-bounces at lists.flabarrpptl.org
[mailto:landten-bounces at lists.flabarrpptl.org] On Behalf Of George Pincus
Sent: Thursday, January 20, 2011 11:59 AM
To: 'RPPTL Landlord Tenant Committee'
Subject: [RPPTL LandTen] Arbitration Clauses in Commercial Lease?

 

A prospective client (out of state commercial office building owner) has
asked me to review and comment on the form of lease used for its Florida
buildings. 

 

The Lease has a pretty normal looking default and remedies clause.  It also
has an arbitration clause, saying that disputes are to be resolved through
AAA arbitration.  

 

What do you guys this about this (I'm not disclosing my personal bias, but
those of you that know me probably know my take on this)?

 

Thanks for your comments. 

 

 

George A. Pincus, Esq.

Stearns Weaver Miller Weissler

  Alhadeff & Sitterson, P.A.

New River Center, Suite 2100

200 East Las Olas Boulevard

Ft. Lauderdale, FL 33301

Telephone: 954-766-9705

Facsimile:    954-766-9719

E-mail: gpincus at stearnsweaver.com <mailto:gpincus at swmwas.com> 

www.stearnsweaver.com

 

 

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