Roy J. Bucholtz, P.C. v. Computer Based Systems, Inc.

This appeal involves a lease dispute between the tenant of office space in a building formerly owned by a bankrupt partnership and the subsequent purchaser of that property at a foreclosure sale. Specifically, we consider whether the lease permitted the tenant to set off debts the tenant alleged were owed it by the partnership against rents owed to the new owner of the property. We further consider the effect of a provision in the lease for an extension of its term at “market rates.”

We recite only the facts necessary to our resolution of this appeal. Prior to a foreclosure sale in the summer…