26. Tenant is leasing retail space in the Central Park Plaza…
26. Tenant is leasing retail space in the Central Park Plaza building in New York. Tenant has signed a one-year lease and is 3 months into that lease. Tenant suffers a downturn in revenue and concludes that he can no longer lease this space. The monthly rent is $10,000. After tenant defaults on the lease, landlord sues tenant for $90,000. What is tenant’s strongest defense to reduce or eliminate this potential $90,000 liability?
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