Tufeld Corp. v. Beverly Hills Gateway, L.P., No. B314862, 2022 Cal. App. LEXIS 1000 (Ct. App. Dec. 7, 2022)
A commercial lease is exempt from the rule against perpetuities, but still subject to Civ. Code 718 which provides that no lease for longer than 99 years is valid. This decision holds that a lease with a longer term is valid for 99 years but void insofar as it purports to extend the lease term beyond 99 years. Possible exceptions… Read More