We are supposed to move our small business at end of this month. Already signed new lease (big triple net one) and started renovations now on hold. Our official first month rent due is 4/1 given current situation what can we do being in 2 locations? We had to close on 3/13. New lease has every hold harmless clause, exception in it. I am high risk and on home quarantine.
I agree with David. Another idea though is if your lease agreement has a force majeure clause which could provide you a chance of getting out of the entire lease.
Unfortunately, nothing that's going on right now will exempt you from rent. You may want to have a lawyer review your lease to see if there is any way to get out of it or minimize penalties, but without seeing the lease no way to know. Commercial leases have wide latitude in what can be negotiated. There are extremely likely to be government programs coming out that provide loans or other lifelines to affected businesses, but this a political problem not a legal one. The only upside is that since courts are closed, no action can be taken to evict you for at least a couple months most likely. Similarly, even if they could evict you there may be no incentive to as it would be very hard to find another tenant right now. Other than that, talk to your landlord, and keep tracking COVID news on Mass.gov to keep aware of government programs coming out.
Lein on parental rental home due to my personal credit card debt
I am living in my father's rental home and a credit card company that I (his 41 year old daughter) owe money to is claiming & threatening to place a lein on this rental property. The home is in his name, not mine. I have no absolutely no assets of any real value other than one vehicle (which is not worth much). Could there be any truth to the credit card company's threat? Can they put a lein on a home I personally do not own (and is not in my name) but that my father does own?
Thank you in advance for any advice that you can impart.
