Legal Question in Real Estate Law in California

Re: Commercial sub-lease

Negotiate with landlord (or the party you subleased from) ASAP. He/she is going to want a paying tenant, not a lawsuit, with escalating court costs and attorney fees.

Consider bankruptcy.

Retain an attorney who specializes in business law, if for no other reason than to write a letter or two on your behalf. A good lawyer is usually worth the cost here, and can find other legal ways to reduce your financial burden.

Good luck!

Re: Commercial sub-lease

(1) Have an attorney look over the lease carefully;

(2) Find a tenant to take over the space;

(3) Negotiate with the landlord to accept a partial payment until he can find a new tenant;

(4) Bankruptcy if warranted by your other financial circumstances - Remember that the new laws require debt counseling certificate in advance of filing so don't wait until the last minute.

Usually #4 isn't necessary if there are reasonable people involved. Your landlord would rather have a paying new tenant!

Call if I can be of assistance.

With regards, Cathy

Re: Commercial sub-lease

Let me review the lease and negotiate a way out for you. Contact me directly.