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Trouble in Lease Land

Retail landlords know a tenant is in trouble when rent payments are late or cease altogether, when the tenant's store is not well stocked with new merchandise, or when the physical condition of the store deteriorates. Retail tenants know that a shopping center is in trouble when an increasing number of stores are dark, or the maintenance of the common areas or other services have declined. Here's what to do.

16 minute read May 26, 2009 at 08:11 AM
By
M. Rosie Rees
Trouble in Lease Land

Usually, the best thing that can happen to a lease after it is signed is for the parties to put the lease into a drawer (or, nowadays, scan it into the computer) and never look at it again until the term is about to end.

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