Legal Question in Business Law in California
Business/Commerical Lease Question:
Thanks in advance.
Can punitive action taken for the landlord's malicious action to claim a much higher rent determined in the boom year 2007, yet reduced (mutual agreement in writing, and verbally as month to month business tenant while the landlord was unsuccessful looking for a new tenant that could pay more) in 2008 via a letter and all mall occupants?
Looking for a quality, competent referral,
my zip 94568
1 Answer from Attorneys
A business and a landlord can negotiate a rent and parties' bargaining power varies. If you're asking to enforce the reduced rent, than what you have is a month to month verbal agreement which is just for a month. They can demand higher rent the next month and you can move if you don't agree. It is best to get any agreement in writing and record it if the term is longer then a year.
Related Questions & Answers
-
I am starting an electronic rental business. Legally, am I allowed to put... Asked 3/06/13, 8:17 pm in United States California Business Law
-
I have rented a store in May,2010. The lease contract says 3 unresevered spaces in... Asked 3/05/13, 12:41 pm in United States California Business Law