Legal Question in Business Law in California
Small business lease
My landlord demands 10,000 for giving new lease contract for next 3years term. Many people call it key money.
Is key money a legal?...
Is it appropriate for them to demand this lot of money?
2 Answers from Attorneys
Re: Small business lease
legal schmegal, it called busines and what the traffic will bear or bare --- i don't mean to be flip but your circumstances in todays maket is somewhat unique and i would need more facts than one line -- even so you ultilmatly would have to make a business decision as to pay or get on your way --
Re: Small business lease
If this is a free market, the landlord can charge whatever he wants to, and if he wants to charge a key payment, he may, the amount limited only by what the market will bear. You just may have to move on.
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