<html xmlns:v="urn:schemas-microsoft-com:vml" xmlns:o="urn:schemas-microsoft-com:office:office" xmlns:w="urn:schemas-microsoft-com:office:word" xmlns:m="http://schemas.microsoft.com/office/2004/12/omml" xmlns="http://www.w3.org/TR/REC-html40"><head>
<meta http-equiv="Content-Type" content="text/html; charset=utf-8">
<meta name="Generator" content="Microsoft Word 15 (filtered medium)">
<!--[if !mso]><style>v\:* {behavior:url(#default#VML);}
o\:* {behavior:url(#default#VML);}
w\:* {behavior:url(#default#VML);}
.shape {behavior:url(#default#VML);}
</style><![endif]--><style><!--
/* Font Definitions */
@font-face
{font-family:"Cambria Math";
panose-1:2 4 5 3 5 4 6 3 2 4;}
@font-face
{font-family:Calibri;
panose-1:2 15 5 2 2 2 4 3 2 4;}
@font-face
{font-family:Aptos;}
@font-face
{font-family:remialcxesans;}
@font-face
{font-family:template-tdHAosi1Ee2o4AAiSCOMRw;}
@font-face
{font-family:zone-1;}
@font-face
{font-family:zones-AQ;}
/* Style Definitions */
p.MsoNormal, li.MsoNormal, div.MsoNormal
{margin:0in;
font-size:12.0pt;
font-family:"Aptos",sans-serif;
mso-ligatures:standardcontextual;}
span.EmailStyle17
{mso-style-type:personal-compose;
font-family:"Aptos",sans-serif;
color:windowtext;}
.MsoChpDefault
{mso-style-type:export-only;}
@page WordSection1
{size:8.5in 11.0in;
margin:1.0in 1.0in 1.0in 1.0in;}
div.WordSection1
{page:WordSection1;}
--></style><!--[if gte mso 9]><xml>
<o:shapedefaults v:ext="edit" spidmax="1026" />
</xml><![endif]--><!--[if gte mso 9]><xml>
<o:shapelayout v:ext="edit">
<o:idmap v:ext="edit" data="1" />
</o:shapelayout></xml><![endif]-->
</head>
<body lang="EN-US" link="#467886" vlink="#96607D" style="word-wrap:break-word">
<div class="WordSection1">
<p class="MsoNormal"><span style="font-size:11.0pt">Hello! <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt">I wanted to follow up on a previous question to see if anyone had experience in the area of the legality of escalation clauses for leases dated prior to 1975? It's pretty obscure, and there is case law, but
the current status of the law appears to still be unclear. <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt">The courts seem to agree that rent escalations before 1988 for leases dated before 1975 would be permitted. A prohibition on them is considered an impairment of contract.
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt">But for leases which extend beyond 1988 (and many 99-year leases do), the courts have not been as clear as to whether the escalation clauses can be enforced after 1988.
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt">Has anyone had experience with this? Feel free to reach out to me privately.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt">Thank you,<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt">Anne <o:p></o:p></span></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<div>
<table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="100%" style="width:100.0%;border-collapse:collapse">
<tbody>
<tr>
<td valign="top" style="padding:0in 0in 0in 0in">
<table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="100%" style="width:100.0%;border-collapse:collapse">
<tbody>
<tr>
<td valign="top" style="border:none;border-top:solid #9D9FA2 1.0pt;padding:6.0pt 0in 0in 0in">
<table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse">
<tbody>
<tr>
<td valign="top" style="padding:0in 0in 0in 0in">
<table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse">
<tbody>
<tr>
<td valign="top" style="padding:0in 22.5pt 0in 0in">
<p class="MsoNormal" align="right" style="text-align:right"><span style="font-size:1.0pt"><img width="187" height="46" style="width:1.9479in;height:.4791in" id="_x0000_i1028" src="https://www.trenam.com/wp-content/uploads/2022/09/Trenam-Logo-Email-Signature.png"></span><span style="font-size:1.0pt;mso-ligatures:none"><o:p></o:p></span></p>
</td>
<td valign="top" style="padding:0in 0in 0in 0in">
<table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse">
<tbody>
<tr>
<td valign="top" style="padding:6.0pt 0in 0in 0in">
<table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse">
<tbody>
<tr>
<td valign="top" style="padding:0in 0in 0in 0in">
<table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse">
<tbody>
<tr>
<td style="padding:0in 0in 0in 0in">
<p class="MsoNormal"><b><span style="font-family:"Calibri",sans-serif;color:#003771;mso-ligatures:none">ANNE Q. POLLACK</span></b><b><span style="font-family:"Calibri",sans-serif;color:#003771;mso-ligatures:none"><o:p></o:p></span></b></p>
</td>
<td valign="top" style="padding:0in 0in 0in 0in">
<p class="MsoNormal"><span style="font-family:"Calibri",sans-serif;color:#003771;mso-ligatures:none"> <b>| </b></span><span style="font-family:"Calibri",sans-serif;color:#003771;mso-ligatures:none"><o:p></o:p></span></p>
</td>
<td valign="top" style="padding:0in 0in 0in 0in">
<p class="MsoNormal"><b><span style="font-family:"Calibri",sans-serif;color:#003771;mso-ligatures:none">SENIOR COUNSEL</span></b><b><span style="font-family:"Calibri",sans-serif;color:#003771;mso-ligatures:none"><o:p></o:p></span></b></p>
</td>
<td style="padding:0in 0in 0in 0in">
<p class="MsoNormal"><b><span style="font-size:1.0pt;font-family:remialcxesans;color:white;mso-ligatures:none"></span></b><b><span style="font-size:1.0pt;font-family:template-tdHAosi1Ee2o4AAiSCOMRw;color:white;mso-ligatures:none"></span></b><b><span style="font-size:1.0pt;font-family:zone-1;color:white;mso-ligatures:none"></span></b><b><span style="font-size:1.0pt;font-family:zones-AQ;color:white;mso-ligatures:none"></span></b><b><span style="font-size:1.0pt;color:#003771;mso-ligatures:none"><o:p></o:p></span></b></p>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
<tr>
<td valign="top" style="padding:0in 0in 0in 0in">
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Calibri",sans-serif;color:#003771;mso-ligatures:none">(She/Her)</span><span style="font-size:10.0pt;font-family:"Calibri",sans-serif;color:#003771;mso-ligatures:none"><o:p></o:p></span></p>
</td>
</tr>
<tr>
<td valign="top" style="padding:0in 0in 0in 0in">
<table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse">
<tbody>
<tr>
<td valign="top" style="padding:0in 0in 0in 0in">
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Calibri",sans-serif;color:#003771;mso-ligatures:none">Dir: </span><span style="font-size:10.0pt;font-family:"Calibri",sans-serif;color:#003771;mso-ligatures:none"><a href="tel:727-820-3989" target="_blank"><span style="color:#003771;text-decoration:none">727-820-3989</span></a><o:p></o:p></span></p>
</td>
<td valign="top" style="padding:0in 0in 0in 0in">
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Calibri",sans-serif;color:#003771;mso-ligatures:none"> | </span><span style="font-size:10.0pt;font-family:"Calibri",sans-serif;color:#003771;mso-ligatures:none"><o:p></o:p></span></p>
</td>
<td valign="top" style="padding:0in 0in 0in 0in">
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Calibri",sans-serif;color:#003771;mso-ligatures:none">Cell: 727‑409‑4371</span><span style="font-size:10.0pt;font-family:"Calibri",sans-serif;color:#003771;mso-ligatures:none"><o:p></o:p></span></p>
</td>
<td valign="top" style="padding:0in 0in 0in 0in">
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Calibri",sans-serif;color:#003771;mso-ligatures:none"> | </span><span style="font-size:10.0pt;font-family:"Calibri",sans-serif;color:#003771;mso-ligatures:none"><o:p></o:p></span></p>
</td>
<td valign="top" style="padding:0in 0in 0in 0in">
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Calibri",sans-serif;color:#003771;mso-ligatures:none">Fax: </span><span style="font-size:10.0pt;font-family:"Calibri",sans-serif;color:#003771;mso-ligatures:none"><a href="fax:727-820-8035" target="_blank"><span style="color:#003771;text-decoration:none">727-820-8035</span></a><o:p></o:p></span></p>
</td>
<td valign="top" style="padding:0in 0in 0in 0in">
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Calibri",sans-serif;color:#003771;mso-ligatures:none"> | </span><span style="font-size:10.0pt;font-family:"Calibri",sans-serif;color:#003771;mso-ligatures:none"><o:p></o:p></span></p>
</td>
<td valign="top" style="padding:0in 0in 0in 0in">
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Calibri",sans-serif;color:#003771;mso-ligatures:none"><a href="mailto:apollack@trenam.com" target="_blank"><span style="color:#0000EE">email</span></a><o:p></o:p></span></p>
</td>
<td valign="top" style="padding:0in 0in 0in 0in">
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Calibri",sans-serif;color:#003771;mso-ligatures:none"> | </span><span style="font-size:10.0pt;font-family:"Calibri",sans-serif;color:#003771;mso-ligatures:none"><o:p></o:p></span></p>
</td>
<td valign="top" style="padding:0in 0in 0in 0in">
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Calibri",sans-serif;color:#0000EE;mso-ligatures:none"><a href="https://www.trenam.com/vcards/Anne%20Q.%20Pollack.vcf" target="_blank"><span style="color:#0000EE">vcard</span></a><o:p></o:p></span></p>
</td>
<td valign="top" style="padding:0in 0in 0in 0in">
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Calibri",sans-serif;color:#003771;mso-ligatures:none"> | </span><span style="font-size:10.0pt;font-family:"Calibri",sans-serif;color:#003771;mso-ligatures:none"><o:p></o:p></span></p>
</td>
<td valign="top" style="padding:0in 0in 0in 0in">
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Calibri",sans-serif;color:#0000EE;mso-ligatures:none"><a href="https://www.trenam.com/people-list/anne-q-pollack/" target="_blank" title="My Bio"><span style="color:#0000EE">bio</span></a><o:p></o:p></span></p>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
<tr>
<td valign="bottom" style="padding:15.0pt 22.5pt 0in 0in">
<div align="right">
<table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse">
<tbody>
<tr>
<td valign="top" style="padding:0in 0in 0in 0in">
<p class="MsoNormal"><a href="http://www.linkedin.com/company/trenam-kemker" target="_blank"><span style="font-size:1.0pt;color:blue;text-decoration:none"><img border="0" width="27" height="24" style="width:.2812in;height:.25in" id="_x0000_i1027" src="http://www.trenam.com/wp-content/uploads/2022/09/linkedin.png"></span></a><span style="font-size:1.0pt;mso-ligatures:none"><o:p></o:p></span></p>
</td>
<td valign="top" style="padding:0in 0in 0in 0in">
<p class="MsoNormal"><a href="https://twitter.com/TrenamLaw" target="_blank"><span style="font-size:1.0pt;color:blue;text-decoration:none"><img border="0" width="27" height="24" style="width:.2812in;height:.25in" id="_x0000_i1026" src="http://www.trenam.com/wp-content/uploads/2022/09/twitter.png"></span></a><span style="font-size:1.0pt;mso-ligatures:none"><o:p></o:p></span></p>
</td>
<td valign="top" style="padding:0in 0in 0in 0in">
<p class="MsoNormal"><a href="https://www.facebook.com/trenamlaw" target="_blank"><span style="font-size:1.0pt;color:blue;text-decoration:none"><img border="0" width="27" height="24" style="width:.2812in;height:.25in" id="_x0000_i1025" src="http://www.trenam.com/wp-content/uploads/2022/09/facebook.png"></span></a><span style="font-size:1.0pt;mso-ligatures:none"><o:p></o:p></span></p>
</td>
</tr>
</tbody>
</table>
</div>
</td>
<td valign="bottom" style="padding:15.0pt 0in 0in 0in">
<table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse">
<tbody>
<tr>
<td valign="top" style="padding:0in 0in 0in 0in">
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Calibri",sans-serif;color:#003771;mso-ligatures:none">200 Central Avenue, Suite 1600, St. Petersburg, FL 33701</span><span style="font-size:10.0pt;font-family:"Calibri",sans-serif;color:#003771;mso-ligatures:none"><o:p></o:p></span></p>
</td>
</tr>
<tr>
<td valign="top" style="padding:0in 0in 0in 0in">
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Calibri",sans-serif;color:#003771;mso-ligatures:none">Main: 727‑896‑7171 | </span><span style="font-size:10.0pt;font-family:"Calibri",sans-serif;color:#003771;mso-ligatures:none"><a href="https://www.trenam.com/" target="_blank"><span style="color:#003771;text-decoration:none">www.trenam.com</span></a><o:p></o:p></span></p>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
<tr>
<td valign="top" style="padding:0in 0in 0in 0in">
<table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse">
<tbody>
<tr>
<td valign="top" style="padding:9.0pt 0in 6.0pt 0in">
<table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse">
<tbody>
<tr>
<td style="padding:0in 0in 0in 0in">
<p class="MsoNormal" style="line-height:10.0pt;mso-line-height-rule:exactly"><span style="font-size:8.5pt;font-family:"Calibri",sans-serif;color:#003771;mso-ligatures:none">WIRE FRAUD ADVISORY: Due to the increased risk associated with wire fraud and e-mail
hacking and phishing attacks, in the event you receive an e-mail from Trenam Law containing wire transfer instructions, please call Trenam Law using previously known contact information and NOT information provided in the email, to verify the information
contained in the wire transfer instructions prior to wiring funds.</span><span style="font-size:8.5pt;font-family:"Calibri",sans-serif;color:#003771;mso-ligatures:none"><o:p></o:p></span></p>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
<tr>
<td valign="top" style="padding:0in 0in 0in 0in">
<table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse">
<tbody>
<tr>
<td style="padding:0in 0in 0in 0in">
<p class="MsoNormal" style="line-height:10.0pt;mso-line-height-rule:exactly"><span style="font-size:8.5pt;font-family:"Calibri",sans-serif;color:#003771;mso-ligatures:none">CONFIDENTIALITY NOTICE: This e-mail transmission, and any documents, files or previous
e-mail messages attached to it may contain confidential information that is legally privileged. If you are not the intended recipient, or a person responsible for delivering it to the intended recipient, you are hereby notified that any disclosure, copying,
distribution or use of any of the information contained in or attached to this transmission is STRICTLY PROHIBITED. If you have received this transmission in error, please immediately notify us by reply e-mail, or by telephone at the direct dial number above
and destroy the original transmission and its attachments without reading or saving in any manner. Thank you.</span><span style="font-size:8.5pt;font-family:"Calibri",sans-serif;color:#003771;mso-ligatures:none"><o:p></o:p></span></p>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
</div>
<p class="MsoNormal"><o:p> </o:p></p>
</div>
</body></html>