Legal Question in Landlord & Tenant Law in California
Commercial Office Space Lease
Does a standing commercial office property lease survive a foreclose/forced sale of the landords assets?
If not, is an appropriate amount of time provided to the tenant to relocate his business?
2 Answers from Attorneys
Re: Commercial Office Space Lease
This is a situation where you might have options, and might be able to negotiate. Please let me know if you want my help.
IMPORTANT:
No attorney-client nor confidential relationship is created through this communication. You may not rely in any way on this communication, and nothing herein constitutes legal advice nor legal opinion. Your issue may be time sensitive and may result in loss of rights if you do not obtain an attorney immediately.
Re: Commercial Office Space Lease
I'm not sure what you mean by a "standing" lease. Typically, this issue would be addressed in your written lease agreement. I would be very surprised if you didn't have one. However, in that event, the new owner would be subject to certain notice requirements.
As the prior attorney suggested, you may have some options in this situation to negotiate staying or even reducing your rent. Feel free to call or email me at the contact address below.
IMPORTANT:
No attorney-client nor confidential relationship is created through this communication. You may not rely in any way on this communication, and nothing herein constitutes legal advice
nor legal opinion. Your issue may be time sensitive and may result in loss of rights if you do not obtain an attorney immediately.
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