The owners of Zelko Bistro have gone to court to try to prevent their landlord from locking them out, evicting them, or placing a “for lease” sign in front of the Heights restaurant. In a lawsuit and request for a temporary restraining order filed last Thursday, Zelko claims Papa K LLCÂ Â failed to honor a 5-year extension written into their lease for the property at 705 E. 11th St., which Zelko first took possession of in 2009 and subsequently spent approximately $600,000 to convert to a restaurant.
According to a copy of the lease included with the petition, Zelko had been paying $5,700 a month in rent, in addition to all property taxes; the term ended on June 30th. Emails between Zelko’s principals and its landlord included in the petition indicate Zelko’s interest in extending the lease in advance of the 90-day-advance-notice deadline, but a few days after that deadline had passed the landlord presented its tenants with a new lease including less favorable terms, including a 50 percent rent increase, according to the suit.
Other details in the court documents shed a bit of light on the goings-on Swamplot noted late last month, when a “for-lease” sign briefly appeared in front of the restaurant, and a broker representing the landlord announced that the restaurant would soon be leaving.
CONTINUE READING THIS STORY
Lease Extension Battle