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skelly151, Attorney
Category: Business Law
Satisfied Customers: 2368
Experience:  JD 20 years legal experience and 3 business related trials, licensed in OH, DC CA
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We are an independent college. Cashflow problems. Asked landlord

Resolved Question:

We are an independent college. Cashflow problems. Asked landlord to give time for rent payment but getting nowhere. Soon he may close us down. What to do?
Submitted: 8 years ago.
Category: Business Law
Expert:  skelly151 replied 8 years ago.
In the economy he would be crazy to put you out. That aside as tenants you must receive adequate notice before an eviction and time to cure usually 30 days. He cannot just bolt the door and close you down. He must provide notice to quit (leave) the premises followed by at least 30 days. If he tries to bolt the door or close you he would be liable for damages you suffer through student loss etc.
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