A commercial lease dispute sets the backdrop for an appeals court’s nuanced discussion of statutory holdover damages and when res judicata and claim-splitting defeat a second lawsuit involving similar facts to and subject matter of an earlier case. For many years, the tenant in Degrazia v. Levato operated “Jimbo’s” – a sports bar set in …
Tag Archives: double rent
Commercial Landlord Not Entitled to Double Rent Under Holdover Statute Where Tenant Had Legitimate Belief It Had Right to Possess Space – IL 1st Dist.
I’ve written on here before about how a tenant holding over after a lease expires can lead to a serious case of option paralysis for the landlord. Questions abound in rapid-fire fashion: should the landlord accept the holdover and continue the lease on the same terms as before? Should the landlord seek double rent under the forcible statute? Should …