Pinnacle Properties, LLC v. Guaranteed Rate, Inc.

CourtDistrict Court, S.D. Alabama
DecidedFebruary 10, 2026
Docket1:23-cv-00198
StatusUnknown

This text of Pinnacle Properties, LLC v. Guaranteed Rate, Inc. (Pinnacle Properties, LLC v. Guaranteed Rate, Inc.) is published on Counsel Stack Legal Research, covering District Court, S.D. Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Pinnacle Properties, LLC v. Guaranteed Rate, Inc., (S.D. Ala. 2026).

Opinion

IN THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF ALABAMA

PINNACLE PROPERTIES, LLC, ) ) Plaintiff/Counterclaim Defendant, ) ) v. ) CIV. ACT. NO. 1:23-cv-198-TFM-MU ) GUARANTEED RATE, INC., ) ) Defendant/Counterclaim Plaintiff. )

MEMORANDUM OPINION, ORDER, AND JUDGMENT

This matter came before the Court for a non-jury trial held on August 13, 2025, after which the Court took the matters at issue under advisement. Pursuant to Fed. R. Civ. P. 52(a)(1) the Court issues this opinion with its findings of fact and conclusions of law.1 I. NATURE OF THE CASE This case arose from a dispute regarding the termination of a commercial lease. Plaintiff/Counterclaim Defendant Pinnacle Properties, LLC (“Plaintiff” or “Pinnacle”) sought declaratory judgment and injunctive relief against Defendant/Counterclaimant Guaranteed Rate, Inc. (“Defendant” or “Guaranteed”).2 Guaranteed asserted four (4) counterclaims against Pinnacle, including breach of contract, breach of the covenant of good faith and fair dealing, wantonness, and declaratory judgment. After summary judgment, the only claims remaining to be addressed at the bench trial were the parties’ declaratory judgment claims, Defendant’s breach of

1 “‘[T]he judge need only make brief, definite, pertinent findings and conclusions upon the contested matters; there is no necessity for over-elaboration of detail or particularization of facts.’” Stock Equip. Co., a Unit of Gen. Signal Corp. v. Tenn. Valley Auth., 906 F.2d 583, 592 (11th Cir. 1990) (quoting FED. R. CIV. P. 52 advisory committee’s note to 1946 amendment).

2 The Court acknowledges the claim and counterclaim status for each party. However, for simplicity, the Court merely states Plaintiff and Defendant rather than the lengthy “Plaintiff/Counterclaim Defendant” and “Defendant / Counterclaimant”. contract claim, and damages. This Court has subject matter jurisdiction and venue over this matter pursuant to 28 U.S.C. § 1332. The parties do not contest jurisdiction or venue, and the Court finds sufficient support exists for both. II. PROCDEDURAL HISTORY Pinnacle originally filed this action on April 20, 2023, in the Circuit Court of Baldwin

County requesting a declaratory judgment (Count I) and injunctive relief (Count II) relating to a commercial lease of property located in Baldwin County. See Doc. 1-1. Guaranteed timely removed this action to this Court on May 26, 2023. On September 14, 2023, Guaranteed filed its counterclaim against Pinnacle, which included four counts. Doc. 17. Count I asserted a breach of contract claim for Pinnacle’s refusal to provide the amount of unamortized Landlord costs and refusal to accept Guaranteed’s termination. Id. at 5. Count II asserted a breach of the covenant of good faith and fair dealing, alleging that Pinnacle failed to act in good faith by “refus[ing] to provide or confirm the amount of the termination fee [and] interfer[ing] with Defendant’s ability to exercise its termination right

in the Lease[.]” Id. at 6. Count III asserted a claim of wantonness, alleging that “Plaintiff knowingly rejected Defendant’s termination and breached its duty to act in good faith, knowing that its actions would cause Defendant harm and in attempt to extract additional sums of money from Defendant that it was not entitled to under the lease. Id. at 6-7. Count IV asserted a claim for declaratory judgment, requesting that the Court find Defendant exercised its right to terminate the lease by providing written notice of its intent to terminate the lease. Id. at 7. In May and June 2024, the parties filed motions for summary judgment, each asserting that they were entitled to summary judgment in their respective favors on all claims. See Docs. 44, 48. On March 6, 2025, the Court issued its Memorandum Opinion and Order on the motions for summary judgment which denied both motions. Doc. 54. The Court noted that Defendant’s wantonness claim and breach of the covenant of good faith and fair dealing are not standalone claims, but rather are subsumed by the breach of contract claim. Id. Thus, the Court set a bench trial to address both parties’ declaratory judgment claims, Defendant’s breach of contract counterclaim, and any damages. Id.

The bench trial was held on August 13, 2026. The Court heard from two witnesses and the trial lasted one day. III. FINDINGS OF FACT AND CONCLUSIONS OF LAW Having carefully considered evidence submitted at trial, and having studied the exhibits, pleadings, and arguments of counsel, the Court now enters the following Findings of Fact and Conclusions of Law. A. Findings of Fact On December 30, 2021, Plaintiff and Defendant entered into a commercial lease, with Plaintiff as the lessor and Defendant as the lessee, for a storefront in the Baypointe Shopping

Center in Daphne, Alabama. Doc. 73 at 1. Both parties contributed to the drafting of the Lease, with Plaintiff providing the initial terms from its stock form lease agreement and Defendant offering revisions to the form language. Trial Tr. at 83:17-85:3. The Lease contained the following provisions: LEASE TERMINATION: Lease shall terminate on the 31st day of December 2024. Tenant shall have an ongoing right to terminate this Lease effective any time after the conclusion of the twelfth (12th) month of the Lease Term by providing Landlord with ninety (90) days prior written notice (the “Termination Option”). If Tenant exercises its Termination Option it shall simultaneously issue Landlord with a termination fee (the “Termination Fee”) equal to three (3) month of Tenant’s then in effect Gross Rent plus unamortized Landlord costs associated with this Lease. This option shall be reciprocal in nature. . . . NOTICES: Any notice, demand, communication, or election to exercise any option hereunder, whether intended for the Lessor [Pinnacle] or for the Lessee [Guaranteed], shall be in writing, and may be served or delivered in person, or by prepaid U.S. Registered or Certified mail, or by overnight courier service, to the address of the party intended as the recipient thereof as such address is herein stated, or to such other address as the parties hereto may at any time, and from time to time, designate in writing, (and as to notice to Lessor, a copy thereof shall be mailed or delivered to the Agent). . . .

LESSOR’S RIGHTS CUMULATIVE: The failure of the Lessor to insist, in any one or more instances, upon a strict performance of any of the covenants of this lease, or to exercise any option herein contained, shall not be construed as a waiver, or a relinquishment for the future, of such covenant or option, but the same shall continue and remain in full force and effect.

SURRENDER: At the expiration of the tenancy herein created Lessee shall surrender the Premises in the same condition of cleanliness, repair and sightliness as the Premises were in as of the commencement of this lease unless meanwhile repaired or improved, in which event, from the time of such repairs or improvements as to that portion so repaired or improved, reasonable wear and tear and damage by unavoidable casualty excepted, and shall surrender all keys for the Premises to Lessor at the place then fixed for payment of rent and shall inform Lessor of all combination locks, safes and vaults, if any, in the premises. Lessee’s obligations to observe or perform this covenant shall survive the expiration or other termination of the term of this lease.

Doc. 73 at 1-4.

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Bluebook (online)
Pinnacle Properties, LLC v. Guaranteed Rate, Inc., Counsel Stack Legal Research, https://law.counselstack.com/opinion/pinnacle-properties-llc-v-guaranteed-rate-inc-alsd-2026.