NCO Financial Systems, Inc. v. Montgomery Park, LLC, No. 15-1988 (4th Cir. 2016)Annotate this Case
The parties are involved in a dispute over a 12-year commercial lease of office space in Baltimore, Maryland. NCO, the lessee, claims that it properly exercised a right of early termination of the lease and that, during the course of the lease, it was overcharged for rent based on erroneous calculations of the space’s square footage. Montgomery Park, the lessor, claims that NCO failed to satisfy the lease’s specific conditions for early termination and that NCO now owes rent for the remainder of the lease term. The court reversed the district court’s ruling that NCO effectively exercised the right of early termination, and affirmed its ruling rejecting NCO’s overcharge claims. Accordingly, the court remanded for further proceedings on Montgomery Park’s claim that NCO breached the lease agreement in failing to pay rent.