Archive for commercial lease
May
05
how much will my credit score go down if i turn in a commercial lease?
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I have a small company that has a commercial lease on a $90,000 straight truck. The semi has not been on the road for over 6 months and I can’t afford the $1800 monthly payment. What happens if I turn the vehicle back in. Currently it is registered to the company but I am the personal guarantor on the note.
Repossession
Apr
30
opening a new bussiness and have a question about commercial lease?
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My Mother and I are opening a new retail shop,and the bussiness has no credit(oblivously),Do we put the lease in my mothers name?
Quick Property Sale
Apr
29
Exiting a commercial lease early will affect my real property how?
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My ex general partners want to close the business and exit the lease early. I am still on the lease with them. I have tried to get off of the lease, but the landlord won’t allow it because my partners have no assets, therefore they are a greater risk. I listed all of my assets on the lease agreement which us 3 partners personally signed. My main question is, can I lose my 2 condos over this. If yes, how? What happens? Can I claim bankruptcy? If I do, will I lose my condos, or will I be able to keep them. Will I need to hire a lawyer? How will I pay my lawyer, with what money?
The business is not making any money. The partners do not have money for next month’s rent…
Passive Income
Mar
23
I will allow the tenant to get out of his lease with me. I will allow him to leave under certain conditions, which are actually, in my opinion, very reasonable. I know some people have demanded that tenants pay them lump sums when getting out of a lease, but I am willing to forgo that.
Anyway, the tenant would like to have me sign a paper from his lawyer saying that I will end the lease under these conditions.
Should I do that?
OR- should I just say that I will sign nothing. And that I will declare the lease to be void after the conditions have been met?
Thanks.
Real Estate Professionals
Mar
06
Also, how likely is the owner of commerical property going to be willing to let one retailer share his space (possibly sublease) with another retailer for part of the year? I would like to open a retail store, but only want to have it open a few months out of the year and don’t want to have to pay for a whole year’s lease.
Quick House Sale
Mar
04
Dec
06
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 my conveyancing agent. She never suggested a get out clause or even putting it in my limited company name, what would be the chances of sueing her company as I only have my word.
Quick Property Sale
Sep
24
When does a commercial lease in Scotland become legally binding on the parties?
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Is it when the missives are concluded or when the lease is signed by both parties?!
Sell and Rent Back
Jul
28
Does a LLC have to be a guarantor for a commercial lease?
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I meant to ask: Does an individual have to be a guarantor for a commerial lease even the lease is under the LLC name?
Quick House Sale
Jul
21
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
