Building owner sues FDIC in rent dispute

By The Florida Record | Feb 16, 2016

PANAMA CITY — An office-building company is suing the Federal Deposit Insurance Corp. for allegedly failing to pay rent.

Oaseas Professional Center sued the FDIC on Feb. 16 in U.S. District Court for the Northern District of Florida Panama City Division, claiming that the insurer of deposits failed to pay rent on an assumed lease agreement.

Oaseas alleges that the FDIC assumed the lease agreement of Doral Bank, the plaintiff's tenant in Panama City, and ceased to pay the rent despite failing to effectively repudiate the lease.

According to the complaint, the plaintiff alleges that, between February 2015 and December 2015, Oaseas Professional Center failed to receive $28,431.25 in rent from Doral Bank, which the suit says went into receivership. The plaintiff holds FDIC responsible because the defendant allegedly assumed the lease agreement with Doral Bank when the FDIC acted as receiver for Doral Bank's assets on February 27, 2015, and then later failed to effectively repudiate the agreement when it sent a formal repudiation to the wrong address.

The plaintiff seeks the following: compensation for payment of all rent, compensatory damages sufficient to repair the leased property, diminution in value damages, interest and late fees, and the cost of attorneys. The plaintiff is represented by Ronald A. Mowrey of Mowrey Law Firm, P.A. in Tallahassee. Florida.

U.S. District Court for the Northern District of Florida Panama City Division Case number 5:16-cv-00051

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