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)
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Full Text
712 charsIn considering the entire Lease, it is apparent that the parties recognized the importance of having businesses in the shopping center that attracted shoppers. Thus, provisions in the Lease demonstrated the significance the parties placed on having the premises substantially full by providing a reduction in rent if it was less than 80% occupied. They also demonstrated the significance of having major anchor tenants occupying the premises by providing an opportunity for Lessee to cancel the Lease if a major anchor tenant vacated and Lessor did not, within six months, replace it with another anchor tenant "operating a similar type and size business" and, in the interval, providing for a reduction in rent.