Do You Need a Commercial Lease Workout?
The COVID-19 pandemic put many businesses in a difficult situation, and many struggled to even remain open. Even if you were able to keep operations going, it can be all too easy to fall behind on your commercial lease payments. If you lose your space, you might lose your entire business, so it is important to know that you might have options. Consult with a commercial real estate lawyer in Encino before your landlord takes legal action for dispossession. Possible Lease Workouts Commercial property owners generally do not want to lose tenants any more than business owners want to lose their commercial space. Do not simply assume that eviction is your only option if you cannot catch up with past-due rent. Instead, consider having your attorney seek a lease workout…