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Home / Opinion Digests / Business Law / SCV: 15-year lease without seal was unenforceable (access required)

SCV: 15-year lease without seal was unenforceable (access required)

A long-term commercial lease with neither a common-law seal nor statutory seal substitutes was effectively month-to-month after a five-year term, and the trial court erred in focusing on “substance not form” to enforce the 15-year term. Background In 2000, a real-estate partnership leased commercial space to Nicol Inc., with monthly payments under a 15-year lease. The partnership ...