What is the name of your state (only U.S. law)? NJ
I am about to enter into a commercial lease for a retail space. Given the current economic crisis, how can I protect myself if the building owner gets foreclosed? I'm putting a lot of money into leasehold improvements. I suppose it’s just me being cautious and most likely won’t have to worry about it, but...
Is there any language which I should have put into the lease?
Thank you.
I am about to enter into a commercial lease for a retail space. Given the current economic crisis, how can I protect myself if the building owner gets foreclosed? I'm putting a lot of money into leasehold improvements. I suppose it’s just me being cautious and most likely won’t have to worry about it, but...
Is there any language which I should have put into the lease?
Thank you.