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</o:shapelayout></xml><![endif]--></head><body lang=EN-US link=blue vlink=purple><div class=WordSection1><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:black'>I believe the lost financing opportunity may be a form of special damages, not necessarily a separate cause of action. If the property management company knew about the refi plans, then it may be said that such damages was foreseeable. With the fraud claim, I’d also allege a reservation to seek punitive damages upon an evidentiary showing. <o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:black'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:black'>Regards, <o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:black'><o:p> </o:p></span></p><table class=MsoTableGrid border=1 cellspacing=0 cellpadding=0 style='border-collapse:collapse;border:none'><tr><td width=117 valign=top style='width:87.7pt;border:none;padding:0in 5.4pt 0in 5.4pt'><p class=MsoNormal style='mso-margin-top-alt:0in;margin-right:-4.1pt;margin-bottom:0in;margin-left:-216.9pt;margin-bottom:.0001pt'><b><span style='font-size:10.5pt;font-family:Consolas;color:black'><o:p> </o:p></span></b></p><p class=MsoNormal style='mso-margin-top-alt:0in;margin-right:-4.1pt;margin-bottom:0in;margin-left:-216.9pt;margin-bottom:.0001pt'><!--[if gte vml 1]><v:shapetype id="_x0000_t75" coordsize="21600,21600" o:spt="75" o:preferrelative="t" path="m@4@5l@4@11@9@11@9@5xe" filled="f" stroked="f">
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</v:shape><![endif]--><![if !vml]><img width=116 height=61 src="cid:image002.png@01D24A37.D1FBEA10" align=left hspace=12 alt="AJH Logo mark" v:shapes="Picture_x0020_1"><![endif]><b><span style='font-size:10.5pt;font-family:Consolas;color:black'><o:p></o:p></span></b></p></td><td width=466 valign=bottom style='width:349.7pt;border:none;padding:0in 5.4pt 0in 5.4pt'><p class=MsoNormalCxSpMiddle style='margin-left:-6.5pt;mso-add-space:auto'><b><span style='font-size:10.5pt;font-family:Consolas;color:black'>Anthony J. Horky, Esquire<o:p></o:p></span></b></p><p class=MsoNormalCxSpMiddle style='margin-left:-6.5pt;mso-add-space:auto'><span style='font-size:10.5pt;font-family:Consolas;color:black'>Anthony J. Horky, P.A.<o:p></o:p></span></p><p class=MsoNormalCxSpMiddle style='margin-left:-6.5pt;mso-add-space:auto'><span style='font-size:10.5pt;font-family:Consolas;color:black'>2255 Glades Road, Suite 324A<o:p></o:p></span></p><p class=MsoNormalCxSpMiddle style='margin-left:-6.5pt;mso-add-space:auto'><span style='font-size:10.5pt;font-family:Consolas;color:black'>Boca Raton, Florida 33431<o:p></o:p></span></p><p class=MsoNormalCxSpMiddle style='margin-left:-6.5pt;mso-add-space:auto'><span style='font-size:10.5pt;font-family:Consolas;color:black'>T: 561.989.3206<o:p></o:p></span></p><p class=MsoNormalCxSpMiddle style='margin-left:-6.5pt;mso-add-space:auto'><span style='font-size:10.5pt;font-family:Consolas;color:black'>F: 561.952.0096 <o:p></o:p></span></p><p class=MsoNormalCxSpMiddle style='margin-left:-6.5pt;mso-add-space:auto'><span style='font-size:10.5pt;font-family:Consolas;color:black'><a href="http://www.horkylaw.com"><span style='color:blue'>www.horkylaw.com</span></a><o:p></o:p></span></p><p class=MsoNormal><b><span style='font-size:10.5pt;font-family:Consolas;color:black'><o:p> </o:p></span></b></p></td></tr><tr><td width=583 colspan=2 valign=top style='width:437.4pt;border:none;padding:0in 5.4pt 0in 5.4pt'><p class=MsoNormal style='text-align:justify'><span style='font-size:9.0pt;font-family:"Arial","sans-serif";color:black'>This message and the documents attached to it, if any, are intended only for the use of the addressee and may contain information that is attorney-client privileged or confidential, and/or may contain attorney work product. If you are not the intended recipient, you are hereby notified that any dissemination of this communication is strictly prohibited. If you have received this communication in error, please delete all electronic copies of this message and its attachments, if any, destroy any hard copies you may have created and notify me immediately at: </span><span style='font-size:10.5pt;font-family:Consolas;color:black'><a href="mailto:ahorky@horkylaw.com" target="_blank"><span style='font-size:9.0pt;font-family:"Arial","sans-serif";color:blue'>ahorky@horkylaw.com</span></a></span><span style='font-size:9.0pt;font-family:"Arial","sans-serif";color:black'>.</span><span style='font-size:9.0pt;font-family:Consolas;color:black'><o:p></o:p></span></p><p class=MsoNormal style='text-align:justify'><span style='font-size:9.0pt;font-family:"Arial","sans-serif";color:black'>-------------------------------------------------------</span><span style='font-size:9.0pt;font-family:Consolas;color:black'><o:p></o:p></span></p><p class=MsoNormal style='margin-left:-4.5pt;text-align:justify'><span style='font-size:9.0pt;font-family:"Arial","sans-serif";color:black'>Tax Advice Disclosure: To ensure compliance with requirements imposed by the IRS under Circular 230, we inform you that any U.S. federal tax advice contained in this communication (including any attachments), unless otherwise specifically stated, was not intended or written to be used, and cannot be used, for the purpose of (1) avoiding penalties under the Internal Revenue Code or (2) promoting, marketing or recommending to another party any matters addressed herein.</span><span style='font-size:9.0pt;font-family:Consolas;color:black'><o:p></o:p></span></p><p class=MsoNormal><b><span style='font-size:10.5pt;font-family:Consolas;color:black'><o:p> </o:p></span></b></p></td></tr></table><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:black'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:black'><o:p> </o:p></span></p><p class=MsoNormal><b><span style='font-size:10.0pt;font-family:"Tahoma","sans-serif"'>From:</span></b><span style='font-size:10.0pt;font-family:"Tahoma","sans-serif"'> landten-bounces@lists.flabarrpptl.org [mailto:landten-bounces@lists.flabarrpptl.org] <b>On Behalf Of </b>Jariel Bortnick<br><b>Sent:</b> Tuesday, November 29, 2016 11:07 AM<br><b>To:</b> RPPTL Landlord Tenant Committee<br><b>Subject:</b> [RPPTL LandTen] Management Company's Fraud & Breach of Contract<o:p></o:p></span></p><p class=MsoNormal><o:p> </o:p></p><div><div><div><div><div><div><p class=MsoNormal style='margin-bottom:12.0pt'>Interesting scenario has arisen that I thought I'd share with the group.<o:p></o:p></p></div><p class=MsoNormal style='margin-bottom:12.0pt'>Landlord owns an apartment complex that is managed by a 3rd party property management company. Property management company consistently tells landlord the complex is 90%+ leased with minimal rent delinquency and supplies Landlord with rent rolls and other financial statements showing same. The property management company knows that the Landlord is planning to refinance the apartment complex in the very near future.<o:p></o:p></p></div><p class=MsoNormal style='margin-bottom:12.0pt'>Within a few months, Landlord begins the refinancing process and shares the rent rolls/financial statements (provided by the management company) to potential lenders. During this process, Landlord notices major discrepancies and confronts the management company. It turns out that the complex is less than 40% leased and an employee at the management company (not an employee of the Landlord's) was forging leases, creating fake rent rolls and delinquency reports and also creating fake bank deposits. This employee's supervisors failed to notice any of this until confronted with evidence by the Landlord.<o:p></o:p></p></div><p class=MsoNormal style='margin-bottom:12.0pt'>Landlord was close to locking in financing terms with a potential lender before the fraud emerged and now will have to wait at least 8-12 months to stabilize the complex. Of course, interest rates have already gone up significantly.<br><br>Along with standard claims (breach of contract, civil theft, fraud, etc.), would it be possible to recover for the lost refinancing opportunity? Is there any case law that would support such a claim?<o:p></o:p></p></div><p class=MsoNormal style='margin-bottom:12.0pt'>Would greatly appreciate any insight from the group. Thanks in advance.<o:p></o:p></p></div><p class=MsoNormal>Jariel<br clear=all><o:p></o:p></p><div><div><div><div><div><div><div><p class=MsoNormal><br>-- <o:p></o:p></p><div><p class=MsoNormal>Jariel Bortnick<br>561.703.1155<o:p></o:p></p></div></div></div></div></div></div></div></div></div></div></body></html>