How do you deal with a difficult commercial tenant?

How do you deal with a difficult commercial tenant?

Here are some helpful tips.

  1. Avoid Problems in the First Place. The best way to avoid conflict with a tenant is to have a lease that thoroughly anticipates and addresses potential problems.
  2. Get It In Writing.
  3. Know Your Tenants’ Businesses.
  4. Be Responsive.
  5. Commercial Tenants 101.
  6. Hire a Property Manager.

Can a tenant get out of a commercial lease?

If a commercial lease contains a break clause, either or both parties to the agreement may seek to terminate the lease before its fixed period has ended. Landlords may be able to negotiate a deed of surrender with their tenant, a document under the terms of which both parties agree to bring a lease to an early end.

What happens if you don’t pay rent on a commercial lease?

The powers of a commercial landlord to deal with non-payment of rent are far-reaching. Forfeiture is the procedure by which a landlord can terminate a lease and virtually all commercial leases will have a clause allowing the landlord to terminate the lease if the rent is unpaid for a specified number of days, usually somewhere between 14 -28.

What should a tenant know about a commercial lease?

PLEASE NOTE: FOR CORONAVIRUS SPECIFIC GUIDANCE WE HAVE PRODUCED THE FOLLOWING BLOGS IN REGARDS TO COMMERCIAL LEASES/LANDLORD & TENANT ISSUES: Coronavirus – Do my obligations under a commercial lease still stand? While some businesses own the premises they operate from, most occupy under a lease paying a market rent.

Are there any restrictions on a commercial lease?

Residential leases are often highly regulated with some terms that cannot be changed by law—even if both parties agree to waive those terms. On the other hand, commercial leases have virtually no restrictions beyond basic contract law.

Do you need to read a commercial lease agreement?

While most residential leases use virtually identical boilerplate language, you must carefully negotiate and review a commercial lease to ensure that it contains everything you think it does. Do Commercial Tenants Get Any Legal Protections Outside of the Lease Agreement?