Are you the landlord of a commercial property? If so, you realize just how important it is to find the right tenants. Unfortunately, there are times when you can run into issues with even the best tenants.
For example, you could find that your tenant is going out of business. In this case, you know you will be faced with a variety of concerns in regards to receiving rent payments in the future. Fortunately, there are several legal protections to consider.
Another common problem is security deposit disputes. While you believe you have the right to keep a tenant’s security deposit, such as due to damage to the building, the other party may disagree.
In this case, you need to carefully review your lease to better understand what you are and are not allowed to do. Along with this, you should know which steps you can take as outlined by the law. Furthermore, there is a timeline that you must take into consideration. When it comes to commercial landlord-tenant disputes, there is nothing more important than knowing your rights.
At our law firm, we’ve represented many people facing this type of dispute. If you find yourself in this position, it’s imperative to receive professional legal assistance. Neglecting to do so could make matters worse, such as taking a step that is against the law.
A commercial landlord-tenant dispute can be very acrimonious, but there are things you can do to put this in the past sooner rather than later. It’s your job to take the right steps at the right time.