Ontario, California
I took over a NNN commercial building back in Dec of 2006 and assumed over 2 leases that will be expiring in 2010 and 2011.
With the recession that we are in right now one of the tenants is trying to come up with an escape clause (saying that they can exit the contract within 3 years for whatever reasons after they renewed it in 2006 and the lease agreement actually will be expiring in August of 2011) which does not exist in the contract. Recently I received a letter informing me that the tenant is going to exit the lease and abandon the premise in 6 month as they claim that the escape clause in the contract has allowed them to do so. In response to their letter I quoted from the lease contract on the sections of the lease term- that they can't modify the lease (which they are doing so without showing proof of the escape clause) and that if they abandon the lease it will constitute an event of default which will give me ground to resort to legal remedies to cover the charges should they abandon the lease.
Just now I received a call from the tenant asking for a copy of my lease agreement (they think I am hiding something from them). As a landlord, do I have to respond by sending them a copy of my lease agreement ? What is the next course of steps I should take to cope with this case ? I know the economy is bad but it does not provide them with excuse to come up with something that does not exist and bear no responsibilities of what they had agreed when they signed the contract.
I took over a NNN commercial building back in Dec of 2006 and assumed over 2 leases that will be expiring in 2010 and 2011.
With the recession that we are in right now one of the tenants is trying to come up with an escape clause (saying that they can exit the contract within 3 years for whatever reasons after they renewed it in 2006 and the lease agreement actually will be expiring in August of 2011) which does not exist in the contract. Recently I received a letter informing me that the tenant is going to exit the lease and abandon the premise in 6 month as they claim that the escape clause in the contract has allowed them to do so. In response to their letter I quoted from the lease contract on the sections of the lease term- that they can't modify the lease (which they are doing so without showing proof of the escape clause) and that if they abandon the lease it will constitute an event of default which will give me ground to resort to legal remedies to cover the charges should they abandon the lease.
Just now I received a call from the tenant asking for a copy of my lease agreement (they think I am hiding something from them). As a landlord, do I have to respond by sending them a copy of my lease agreement ? What is the next course of steps I should take to cope with this case ? I know the economy is bad but it does not provide them with excuse to come up with something that does not exist and bear no responsibilities of what they had agreed when they signed the contract.