Thursday 23 July 2020

State bill would soften blow for commercial tenants who break leases

Commercial landlords may soon need to follow some of the same rules that govern residential property owners when a tenant breaks the lease. On Wednesday, the state Assembly passed a bill that would require commercial landlords to minimize damages against a tenant who vacates their property before the lease expires. When a tenant breaks a lease, the bill would require landlords to “take reasonable and customary actions to rent the premises at fair market value



source https://therealdeal.com/2020/07/23/state-bill-would-soften-blow-for-commercial-tenants-who-break-leases/

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