Elawyers Elawyers
Virginia| Change
Asked in Riverside, CA Mar. 22, 2020 ,  1 answers Visitors: 6
About to terminate a commercial lease. what are my options to minimize damage?

1 Answers

Anonymous
Reply

Posted on / Mar. 25, 2020 03:30:02

Generally, impossibility is a good defense in a situation like this, but it will only handle a few month's rent because at some point this COVID-19 issue will pass. The best solution here is to communicate with your landlord, be up front and explain to them the business failed and there is no money to go around in an attempt to reduce or minimize any fees owed or remaining on the lease. You should review any local ordinances regarding rent breaks for commercial businesses during this time of crisis. Goodluck.

Can't find what you're looking for?

Post a free question on our public forum.
Ask a Question

Can't find what you're looking for?

Post a free question on our public forum.
Ask a Question
Search for lawyers by practice areas.
Find a Lawyer