Tuesday, December 23, 2014

What happends when you rent a retail store and. You want to break it

Question

What happends when you rent a retail store and. You want to break it



Answer

The landlord is obligated to find a new tenant by all commercially reasonable efforts, and you are liable for the rent until they find a new tenant, plus costs of finding the tenant. Or you cut a deal.



Answer

Well, there are a variety of ways to terminate a lease and possibly experience no liability and/or reduced liability in that process...first by review of the lease document and second by a statement of relevent facts as to why you believe the lease should or could be terminated.

You will want to select a business development attorney to review the lease and discuss the facts.

By Grace...

Shawn Jackson ESQ. (707) 584-4529

Business Development Attorney

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