Inheriting Tenants in Default?

An Illinois Appellate Court recently ruled in favor of a commercial tenant after a new owner acquired a commercial building and attempted to collect accrued unpaid rent owed to the previous landlord.

9 minute read April 01, 2019 at 12:07 AM

Ira Fierstein and

Michelle Palka

If you currently own or are looking to acquire a shopping center, office building or other commercial property, these transactions may bring with them some time consuming surprises and costly legal fees if existing tenants owe unpaid rent.

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