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No Substantial Completion Of Tenant Improvements Substantial Completion

Thursday, November 03, 2005 04:23 pm

 
No Substantial Completion Of Tenant Improvements Substantial Completion

A Texas court has ruled that a contractor's failure to substantially complete a tenant improvement contract by the date that rent started to accrue excused the project owner/tenant from making final payment under the contract.

Robert Hooker leased retail space in a Houston shopping mall where he planned to open a hair salon. Hooker took possession of the space but received fivemonths of rent abatement under a tenant improvement agreement designed to partially offset the cost of improving the space for use and occupancy.

Hooker awarded a construction contra [...]

 
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