Legal Question in Real Estate Law in Virginia
I have a comercial lease in a small shopping center. My lease says that if I default on any payments, I will surrender the property and be held liable for the remainder of the lease (after a unlawful detainer and a judge granting possetion). Well my business was a flop. I was a month behind on payments so the property manager took me to court and won the judgement. The property manager wants me to stay because I am currently employed elsewhere and I am making payments. The bad part is that my unit is sitting, not making any money, and I am using almost all of my money paying for it. I have 9-10 months left on my lease.
Here is my question. When we went to court, the judge granted imediate possetion to the owner. (Once again, they want me to stay, there are already several vacant units and it would look bad for the shopping center without some items in my window.) Can I get out of the remainder of my lease somehow? I know the lease states that I will be responsible for the remainder if I do, but it also gives no grace period for recieving rent. In VA, there is an automatic 5 day grace period no matter what the lease says. Is there any law that would aleviate my responsability to pay the remainder of the rent if I vacatied the premise early, since possetion was awarded to the owner in court?
1 Answer from Attorneys
No, the landlord apparently has already won a judgment against you for the balance owed under your lease and a writ of possession as well. However, whether he chooses to enforce these against you is within his discretion.
And, no, there is nothing in Virginia law(of which I am aware) that "would alleviate (your) responsibility to pay the remainder of the rent if (you) vacated the premises early" merely because the landlord was awarded possession of these premises (which is up to him to act upon------or not).
Related Questions & Answers
-
How bad does a foreclosure effect your credit score and for how long? Asked 11/06/09, 11:53 am in United States Virginia Real Estate and Real Property