• 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.

Commercial Tenant Obligations Post Sale

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


Junior Member

I am a retail business owner in So. California. I recently extended my commercial lease for a period of 3 years. Within weeks of signing the option, the building owner sold the building to another party (currently in Escrow). I would now like to walk away from this lease. What are my obligations to the new owner if any? Should I be able to recover my security deposit from the original owner?

Find the Right Lawyer for Your Legal Issue!

Fast, Free, and Confidential