End possibly near for legal fight over vacant steakhouse space on Boylston Street

By adamg on Fri, 09/14/2012 - 11:35am

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Comments

"The demand for liquor

By anon on Fri, 09/14/2012 - 11:54am.

"The demand for liquor licenses in Boston exceeds the demand."

Uh... what?

Demand, meet supply

By adamg on Fri, 09/14/2012 - 12:07pm.

Fixed, thanks.

Don't Understand

By anon on Fri, 09/14/2012 - 1:01pm.

If they've moved out, what is "future back rent?".

If I remember correctly the Seaport location opened up while the Back Bay location was still operating. What did they do, open the one in the Seaport and then just stop paying rent at the Back Bay location before closing it? It doesn't seem they are strapped for cash if they opened the one in the Seaport and got a liquor liceense down there.

It's a several-year lease.

By anon on Fri, 09/14/2012 - 3:48pm.

It's a several-year lease. They stopped paying, and are behind $XXX,XXX, but still owe $XXX,XXX for the remaining term of the lease. (Unless they negotiate a buyout or come to some other settlement with the building owner.)

Suppose you sign a year lease starting September 1. In November, you go belly-up and stop paying rent. In April, your landlord will be after you for rent between November and April ("back rent") and for the balance of your lease, April to August ("future back rent").

You can't just move out and decide not to pay rent against the lease.

I see. I was assuming they were done witth the lease.

By anon on Fri, 09/14/2012 - 4:22pm.

Thanks

Wasn't this the same Morton's

By Invasive Pat-Down on Fri, 09/14/2012 - 7:15pm.

where management stole tips from the waitstaff?

Why yes, it was:
http://www.bostonherald.com/business/general/view....