How To Get Out of A Bad Commercial Lease
Full Video Transcript
Are you having trouble with a commercial lease? It’s all too common: Business owners signs a multi-year commercial lease and find themselves in hot water if the business begins to fail. Many times, the business owner is required to give a personal guarantee for the full lease term amount. If you’re in trouble on a lease, you may have certain options. Commercial leases are often long and complex, so there may be various opt-out provisions or early cancellation provisions, sometimes even based on your business revenue margins. Also, you may be able to get out of a bad lease without liability if the landlord didn’t fulfill its promises on the lease, whether having to do with signage, or parking, or even competing businesses in your location. While every situation is different, many commercial leases include typical provisions. An experienced attorney can explain your legal rights and advise on the best course of action for your situation. For more information about how to get out of a bad commercial lease – contact an attorney in your area today.