We own two small retail stores. COVID has cut our sales by 50%, but we are paying 100% of the rent so the landlords are not sharing in losses (at least not for our space). These are not losses due to business decisions that normally would be the ownership of the tenant, these are beyond our control, impossible to have predicted, and a result of government action. Therefore, we feel the pain should be shared. If you disagree, we have no business to discuss as this question is not for you. We are trying to see if it's possible to navigate the law while also accounting for the pandemic and thinking outside the box and understanding the desperation of both landlords and tenants are in right now and the need to work together and share the pain.
Um... this platform is not for anyone to tell attorneys what to say. Did you know a our answers are available in google searches? That is a to say, they educate others, not just the person posting.
Just saying...
ECS
Contracts are ALWAYS negotiable and by definition, re-negotiable. If you're a good tenant, your landlord should want to work with you. They know it's not just you, and they'll have a very difficult time finding any new tenants right now if they choose to be intractable and maybe lose their current tenants.
That's not to say that they WILL want to work with you. Commercial landlord are sometimes big multi-national corporations.
I don't know them or their situation. But it doesn't hurt for you to ask for some abatement/deferment, given this pandemic crisis.
Yes, there have been multiple agreements to mitigage the impact of COVID when it comes to commercial leases... all the way from waiving 50% to 100% of a month or two ... to delaying 50% of the rent on an agreed upon future payment schedule. Every landlord and every tenant is different ... so, a free initial consultation by video call would be your next step. Shawn Jackson - Business Development Attorney.
credit card of a relative
We have a very difficult situation to deal here. Our sister passed away in India a week ago. she used to travel between india and usa for business purpose . she left around $100,000 in credit card debts . noone was authorised user on the card she did not own anything she used to live as payng guest at our house so all her bills were addressed at our location. WE will be getting herr death certificate pretty soon via mail now whats the next step to be taken in the reference
buying a business
i gave a downpayment of 200,000 to buy a gas station. we sat down wrote out the term and all parties signed. We agreed to give the signed paper to our attorney to write everything up legally. Now he is dragging it out. He says he doesn't have my money because intstead of depositing it to an escrow account he cashed it. Does him cashing the check bind the contract that we wrote up and signed even though it wasn't written by lawyer.
Defaulting on Contract
My wife and I purchased a home in December. In our contract, from the inspection report, it states A/C lines to be fixed and unit to brought to ''operable'' status. We turned it on for the first time this week, it doesnt work. The seller and his realtor are refusing to pay for repairs/replacement saying that its ''tough crap'' and its all on my wife and I. So because i have a contract stating it needs to be operable, yet it was winter so we couldnt test it, what leg do i have to stand on? Can i fight this in the legal system? Do i go after the seller or the company he paid to do repairs? I just need some advice, this is our first ever home purchase and we really dont know what to do.