Legal Question in Real Estate Law in New Jersey
break a commercial lease
I need to break a lease for office.Lease was sighned February 2006 for company name with personal guarantees for 5 years. is it any way to do it, probably with penalty?
1 Answer from Attorneys
Re: break a commercial lease
This is going to depend on the exact terms and wording of the lease. Be very careful: if you personally guaranteed the lease and your company violates the lease, you could end up having to pay all of the rent for the rest of the 5 years, a huge amount.
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