• FreeAdvice has a new Terms of Service and Privacy Policy, effective May 25, 2018.
    By continuing to use this site, you are consenting to our Terms of Service and use of cookies.

Can a landlord terminate a 5-yr lease early and should they pay for damages to tenant

Accident - Bankruptcy - Criminal Law / DUI - Business - Consumer - Employment - Family - Immigration - Real Estate - Tax - Traffic - Wills   Please click a topic or scroll down for more.

Y

yqian

Guest
Florida. We have a 5 yr lease left on a commercial store. The landlord has switched owner recently (new owner bought this building). Is our previous lease still good in binding? Does the new owner have right to kick us out of the lease?

We received a notice recently from landlord asking us to leave. We bought the store 2 yrs ago w/ pretty high price and have been paying rent regularly so far. Do we have right to stay as we have 5 yr. lease left? If the new landlord wants to force us out, should we sue them for damages/costs w/ 5 yrs. lease left?
 


TCB4U2B2B

Member
Hello yqian

All is dependent on the fine print clauses stated within the terms of the lease. If it is stated that either party may terminate the existing lease by written notice within a given period of time during the life of the lease or a written notice xxx days of notice during the life of the lease, the terms of the contract apply.

Read your lease carefully and closely. Should there be any part of it you do not fully understand, have it read over by an attorney. Which, in my opinion, should have been done prior to signing that lease.

Case remains open...pending future outcome.
Courts Adjourned.
 

Find the Right Lawyer for Your Legal Issue!

Fast, Free, and Confidential
data-ad-format="auto">
Top