Top 5 Tips About Commercial Landlord-Tenant Issues from LawChamps' May Meet-Up

Top 5 Tips About Commercial Landlord-Tenant Issues from LawChamps' May Meet-Up

Frankie Grijalva
 | 

In response to the COVID-19 pandemic, LawChamps began hosting monthly virtual Legal Meet-Ups to help people get advice from real lawyers on pressing legal topics. The Meet-Ups are run in a panel format, mediated by LawChamps' Chief Legal Officer Jennifer McGlone who asks the panelists questions submitted by you, our LawChamps users. 

The first legal meet-up was held on May 8th and was attended by around 250 people across the United States. Seven LawChamps lawyers participated as panelists.

Bradley Bailyn, Eafon Cobb, Lou Russo, Patricia De Fonte, Neil Opdahl-Lopez, Michael Neumann, and Bowen Klosinski discussed topics ranging from landlord-tenant issues to unemployment.  

LawChamps received various Commercial Landlord-Tenant issues, during our legal meet-up in which were addressed by Bradley Bailyn

Mr. Bailyn is a small business attorney located in New York City with a large portion of his practice covering various Commercial Landlord-Tenant issues. 

During this coronavirus pandemic, 24% of small businesses have shut down temporally. This has affected commercial landlord-tenant relationships and agreements. 

Here are the Top-5 tips for rent issues for Commercial Landlord-Tenant by Mr. Bailyn. 

 

1. Look at Your Lease 

Rereading your lease is crucial at this time. 

 

Look for a specific clause that can potentially free you of liability when an unexpected event occurs that neither party could foresee.

 

This can include such events as an earthquake, tornado, or even a pandemic. 

 

 

2. Examine State Laws and Executive Orders

Research your individual state laws and existing order in place for evictions would be necessary. 

 

Review the deadlines and qualifications in order to determine if you are covered. 

Specifically, if you live in New York, read more about the extended moratorium, here.

 

3. Research Your Landlord 

 

Learning more about your landlord will help determine whether they are frequent flyers to the local courthouse. 

 

In California, learn more about public records available to citizens. 

 

In Los Angeles, you can individually search your landlord and discover whether they have been involved in any cases in court for a small fee. 

 

In New York, learn more about New York State, County and Municipal Records. 

 

4. Risk Evaluation

 

Evaluating your personal risks are strategic. 

 

Ask yourself:

Have you signed personally? 

Would filing personal bankruptcy kill you if you have to do it? 

Do you care if you lose the space? 

If you determine that your risk factors are to high, try and mediate them. 

 

5. Financial Evaluation 

 

Evaluating your financial status is a must. 

 

Determine what financial options you have as a commercial tenant and whether other sources of income can help during this time. 

 

If it is not possible, then ultimately you can’t pay your rent right now. 

 

And after the various moratoriums are lifted, there is a possibility your landlord can sue you for the full balance under your lease. 

 

Because eventually, you are going to be held accountable. 

 

If you would like to learn more, an excerpt of the transcript covering Commercial Landlord-Tenant Issues, is available here.

The entire Legal Meet-up is on YouTube.

If you wish to wish to affordably match with an experienced attorney about your concern, please visit LawChamps. 

 

The next LawChamps Legal Meet-Up will be held via zoom on June 26th. You can sign up to ask a question on our website or by calling us at 866-653-3017.

 

Due to the vast volume of questions, the next legal meet-up will be focused on Landlord-Tenant concerns.

 

This article is intended to convey generally useful information only and does not constitute legal advice. Any opinions expressed are solely those of the author, not LawChamps.

Frankie Grijalva

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