When a commercial tenant defaults on its obligations, the landlord faces a number of possible actions, and a misstep can allow the tenant to escape its obligations. Should the landlord seize the tenant’s goods, or terminate the lease? What steps must the landlord take to recover possession of the premises, while still holding the tenant responsible for the balance of the lease payments? How does the bankruptcy of the tenant affect the landlord’s rights?
We regularly advise landlords on these matters, helping maximize the landlord’s recovery and putting the premises back to productive use as soon as possible.
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