Legal Question in Real Estate Law in California
Became disabled during leaseing agreement of commercial site.
I was in A car accident, and became disabled and unabled to work and manage my store. For the last seven months I have been paying the rent. Sales as continuely fallen down. I have twenth-three months remaining on my lease. I can not afford to keep the store open. What can I do to get out of the remanding time of the lease.
Asked on 6/04/02, 10:24 pm
1 Answer from Attorneys
Ken Koenen
Koenen & Tokunaga, P.C.
Re: Became disabled during leaseing agreement of commercial site.
You can't, short of filing bankruptcy.
Try to find a new tenant to take over your lease, or negotiate a reduced buyout with the landlord. Do not abandon the premises ... then they will have the right to terminate your right to find a new tenant.
Answered on 6/05/02, 12:45 pm