Rathbun v. Cato Corp., 93 S.W.3d 771 (2002)
- Citation
- Rathbun v. Cato Corp., 93 S.W.3d 771 (2002)
- Parent Document
- Rathbun v. Cato Corp., 93 S.W.3d 771 (2002)
- Jurisdiction
- Missouri (state)
- Effective Date
- 2002-11-21
Other Sections in This Document (144)
- Rathbun v. Cato Corp., 93 S.W.3d 771 (2002)
- Rathbun v. Cato Corp., 93 S.W.3d 771 (2002)
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Full Text
819 charsLessee occupied the premises beginning in November 1997, and deducted $1100 from its monthly fixed rent until October 1999 pursuant to the construction costs allowance. Consumers, however, ceased its operations in the shopping center in April 1999, causing the occupancy rate of the shopping center to be less than 80%. Lessee, relying on the 80% occupancy provisions of the Lease, paid no rent from May 1999 through October 1999 ($1100 was withheld as reimbursement of construction costs, and another $1100 was withheld because of the occupancy deficiency). In November 1999, having been reimbursed for its constructions costs, Lessee began paying monthly rent of $1100, relying on the Lease provision that a vacancy of one of the two anchor tenant locations permitted Lessee to pay one-half of the fixed monthly rent.