JJD-HOV Elk Grove, LLC v. Jo-Ann Stores, LLC: Commercial Lease Co-Tenancy Provision Was a Valid Form of Alternative Performance
Summary The California Supreme Court affirmed the validity of a co-tenancy provision in JJD-HOV Elk Grove, LLC v. Jo-Ann Stores, LLC, establishing that such provisions can constitute an acceptable form of alternative performance in commercial leases rather than functioning as unenforceable penalties. This ruling underscores the enforceability of lease terms negotiated at arm’s length by […]