Q: How difficult and timely to get Declaratory Judgement on responsibility for a Florida LLC net lease contract?
I am a 50% owner non managing member of a Florida LLC that owns a single asset; commercial property . The managing member (MM) is a 50% owner who enjoys a Net Lease for his Florida Corporation to operate on the property. The LLC operating agreement and a lease contract state that the MM's company will be responsible for "ALL" expenses of the LLC. The MM is attempting to saddle the LLC with massive expenses caused by the Lessee Company and himself.
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