Oct
11
my tenant of a shop said his business partner left years ago shouldn’t he have changed the lease details?
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4 Comments
June 15th, 2010 at 7:25 am
Depends whose name was on the lease… If it was joint names it would not make much difference.. If it was the missing partner, then the missing partner is the one who is resonsible for rent
June 18th, 2010 at 11:35 am
If the partners name–or Corporation that he was part of signed the Lease you should have certainly been informed….If I was the partner that left and my name was on that Lease I would certainly have informed you so I couldn’t be held responsible for any problems down the road.
June 18th, 2010 at 7:31 pm
Once a lease has been signed for the duration of the term, only a Landlord and a Solicitor can alter the lease. As it stands, both parties are still liable for the rent until either the lease runs out or is assigned to a new buyer. If your tenant did a runner, its up to you to Chase both parties for the rent due.
June 21st, 2010 at 12:17 am
Strictly speaking, the two for them should have sought your permission to assign the lease to just one. As that has not happened, the “joint and several” bit of the obligations in the lease will come into play. You will be entitled to go against either person named for the full extent of what is due. There is no question of the one left behind only being responsible for a part of the rent, unless the lease has been very badly drafted.