Younex sued for failing to pay rent - KUAM.com-KUAM News: On Air. Online. On Demand.

Younex sued for failing to pay rent

Posted: Updated:

by Mindy Aguon

Guam - There are more legal troubles for Younex, as the company's landlord has pursued a lawsuit to recover more than $26,000 owed in rent. Oxford properties and finance limited through ASPAC Finance Company filed suit in the Superior Court against Younex for breaching a three-year lease agreement for a one-acre lot the company utilizes in Tamuning for its Emerald Verace offices.

According to court documents, the lease expires at the end of this month and Younex has defaulted in paying the monthly rent since late last year. The parties, however, have since been able to reach a settlement as Younex has agreed to pay what is owed in full. The company is still waiting for a Supreme Court decision in the pending high-rise condominium project case to determine if procedures were followed when they were granted a zone variance by the Guam Land Use Commission.

  • NEWS HEADLINESMore>>

  • Gun grabbing bill lapses, 14 bills total become law

    Gun grabbing bill lapses, 14 bills total become law

    Governor Eddie Calvo has allowed public safety oversight chair Senator Telena Nelson’s bill 324 to lapse into law. The measure criminalizes the disarming of peace officers. It was introduced following Lt. Governor Ray Tenorio’s gun grabbing inMore >>
    Governor Eddie Calvo has allowed public safety oversight chair Senator Telena Nelson’s bill 324 to lapse into law. The measure criminalizes the disarming of peace officers. It was introduced following Lt. Governor Ray Tenorio’s gun grabbing inMore >>
  • Machete-wielding Glladwin Snalbarb arrested for terrorizing

    Machete-wielding Glladwin Snalbarb arrested for terrorizing

    He was apparently drunk when he wielded a machete and asked passerbys to fight. Glladwin Snalbarb was arrested and charged for aggravated assault, terrorizing, disorderly conduct, and public drunkenness. Earlier this week, court documents state he was seeMore >>
    He was apparently drunk when he wielded a machete and asked passerbys to fight. Glladwin Snalbarb was arrested and charged for aggravated assault, terrorizing, disorderly conduct, and public drunkenness. Earlier this week, court documents state he was seeMore >>
  • Friday "Night of the Legends" concert to aid CNMI

    Friday "Night of the Legends" concert to aid CNMI

    More efforts are underway to help those affected by Super Typhoon Yutu. The CNMI Guahan TP committee, One Marianas, and Lady Diann Torres Foundation is hosting "Night of the Legends." The Yutu relief concert will feature an array of local artists, and allMore >>
    More efforts are underway to help those affected by Super Typhoon Yutu. The CNMI Guahan TP committee, One Marianas, and Lady Diann Torres Foundation is hosting "Night of the Legends." The Yutu relief concert will feature an array of local artists, and allMore >>
Powered by Frankly