Real Estate Law
Have Real Estate Law Questions? Ask a Real Estate Lawyer.
Hello and welcome! My name is ***** ***** I am a licensed attorney who will try my very best to help with your situation or get you to someone who can. There may be a slight delay in my responses as I research statutes or ordinances and type out an answer or reply, but rest assured, I am working on your question.
When you took over the lease, did you sign for it personally or did you have a business like an LLC or a Subchapter S corp and signed as a member or officer?.
Or did you just move in and pay the rent under the old lease to the landlord without actually signing anything?
Ok, then you are stuck on the hook her personally if you signed in your personal capacity if you were to default and the landlord could sue you for the balance of the lease if you defaulted.
And, unfortunately, since this is a commercial lease, he has no duty to try and re-rent if you just closed down and he can just leave it empty and then sue you for the rest of the lease payments.
I am very sorry that I don’t have better news, but please understand that I do have an ethical and professional obligation to provide customers with legally correct answers based on my knowledge and experience, even when I know the answer doesn’t make the customer happy...