12400 Stowe Drive, LP v. Cycle Express, LLC CA4/1
This appeal involves a dispute between a commercial landlord, 12400 Stowe Drive, LP (Stowe), and its tenant, Cycle Express, LLC (Cycle). The parties' lease granted Cycle an option to renew the lease when it expired, with rent set at a discounted percentage of the property's fair market rental value. Cycle renewed the lease, but the parties disagreed about the property's fair market rental value and Cycle's rent obligations. Thus, Stowe brought this action against Cycle, requesting catch-up rent, accounting, and ejectment. Cycle filed cross-claims against Stowe, alleging that the roof of the property leaked water each time that it rained and, as a result, Stowe breached its obligations under the lease.
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