Contract Agreement: Tenant A is engaged into a contract with Landlord Sam

[tyr8nt]

Let's say Tenant A is engaged into a contract with Landlord Sam. After much delays, Landlord Sam finally delivered the LOI and the commercial lease over to Tenant A. After reviewing the lease agreement on the agreed terms, Tenant A signed the lease agreement and sent it back to Landlord Sam. After a week, Tenant A was informed that Landlord Sam is still in an existing contract with Tenant B, which will expire on May 31, 2012. So all three parties set up a meeting to discuss over this issue. At the meeting, they all came to a verbal agreement that Tenant A will sublease from Tenant B at a lower price until May 31,2012 and will engage in a 10 years lease with Landlord Sam right after that (Tenant A is already agreed with Landlord Sam to make an initial deposit to secure the space). A few days after the meeting, Landlord Sam told Tenant A that they are inclined to move forward with the contract under the verbal agreement between all parties. Tenant A proposed that they should go back to the initial agreement between Landlord Sam and Tenant A with the approval of Tenant B. Landlord Sam again declined to move forward with the contract unless Tenant A agrees to their new terms (which only favors Landlord Sam).

I hope that you can understand the current situation. I was wondering, what choices that Tenant A has right now under this circumstances. Should Tenant A enforce Landlord Sam to carry out the initial agreement? Is Landlord Sam in breach of this contract agreement. Landlord Sam hasn't cashed the security check nor signed the lease agreement. They have implied and misled Tenant A throughout the whole contract. What sort of rights that Tenant A have right now to protect them to entitle to this contract?

[allisa]

We both are in same boat. I am also suffering from same problem. I would be very pls if any one tells us solutions for this problem.

[tyr8nt]

I think from where we are, we can only receive punitive damages if decide to go forward with it. But then does it worth all that trouble if we still want to work with the landlord.