Legal Question in Business Law in Minnesota
Business lease
I own by business and have four years on my lease, with the economy bad what if I can't pay my lease? Can I get out of it? What are my options?
2 Answers from Attorneys
Re: Business lease
3 Choices:
Do nothing and let the waves crash over you.
File Bky
Negotiate reduction/termination.
I have assisted business clients with the 3rd Option.
Call or email for assistance.
Re: Business lease
You don't say where you are, other than Minnesota. You should talk to a lawyer about options. Possibilities:
a) sublease the property; b) negotiate a reduced rate with the landlord; c) file a bankruptcy; d) stick with it and see what happens; e) "attack" the lease because the landlord has somehow breached it; etc.
You need someone to help you take a comprehensive look at the situation,not just look at the lease without regard to whatever else may be happening.
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