Property Owner's Failed Lease Termination Due to Insufficient Compensation Documentation

A property owner, having leased premises for commercial use with a right to renewal, sought to terminate the lease upon its expiration, offering compensation for the tenant's eviction, but the tenant contested the termination, asserting the owner's failure to provide sufficient documentation regarding the offered compensation. The court affirmed the lower court's decision rejecting the termination, reasoning that the statutory requirement for providing documentation detailing the compensation offered to the tenant was mandatory for a valid eviction notice, and since the owner failed to meet this procedural prerequisite by providing inadequate substantiation for the proposed indemnity, the right to terminate the lease was not properly exercised.