Jul
21
I sign a commercial lease which has 9 years to run at £11,000 PA I assigned it to others who have since gone ?
By
bankrupt the landlord is asking me to pay the rent I dont have it. What I want to do is borrow one sum to pay him off what would be a fair amount or one that would likely to be accepted?
Rent Back
Related articles:
- I need to get out of a commercial lease that still has 14 years left to run. I have no get out clauses? The lease seems water tight so I have just stopped paying. What will happen to me will I loose everything my house etc. I was very badly advised by...
- What is my rights if my lease expired and landlord ask to sign a new lease or vacate the shop within one month After my lease expired and I did not renew it. The landlord ask me to sign a new lease at much higher price or vacate the shop within one...
- Financial statements necessary to sign commercial lease? My husband and I are starting a small local business. We’ve begun looking into commercial spaces that are available for lease, and the broker I contacted notified me that,...
- Commercial lease, can I get out of it? I have a commercial lease on a retail premises it is a 10 year lease with about 8 and a half years to run, break clause at 5 years....
- I have singned a lease with a local mall for 5 years for 1400 sqft shop. How can I cancel this lease? I am not doing good business and pay the rents from my own pocket and not event getting any salary. I tried my best to make this business sucessful...
1 Comments
June 14th, 2009 at 10:22 am
In the current economic climate the landlord will have trouble getting a new tenant, so he may not be willing to accept a lower figure at all. The best person to give you this advice is the landlord himself.
You should also check with a solicitor to confirm that you are liable in the first place. There are a number of complications in this area, but don’t take the landlord’s word that it is you who should pay.