Legal Question in Real Estate Law in California
I need to break a 5 year lease on a commercial office space that I have been in for about one year. Financial issues are forcing me to relocate back to old office that I own because we can't sell the it in this market. I can't continue to afford both payments. Other operational issues have came up during this year period with the leased space, dealing with the professional appearance of this facility, the power being turned off to our office by disgruntled tenants next door in control of the breaker boxes, to the landlord's demand letter trying to raising our rents. Some other misrepresentation can be argued along with these problems. We need to break the lease, move on, what are the repercussions of this action?
1 Answer from Attorneys
See my answer to your same question received by me a minute or so later........ essentially, we need more information, but if your business is a separate entity and you have no personal liability, you might consider a Chapter 11 bankruptcy.
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