Sometimes when a commercial lease is terminated, the landlord has to deal with goods that have been left on the premises by the tenant. The question will then arise as to how to rightfully dispose of those goods without incurring any liability to the tenant. Look to the lease Your lease might include provisions dealing […]

What is a security deposit (or bond)? A deposit is a sum of money paid by the tenant to secure the tenant’s obligations under the lease. Why should I take a security deposit? If your tenant fails to pay the rent or breaches the lease in another way (such as by damaging the premises), then […]

It is a situation landlords hope they will never experience. Their tenant has stopped paying rent and they need to take action to mitigate the damage to their bottom line. But how does a commercial investor go about evicting a tenant who has stopped paying the rent (financial breach) or breaches the lease in another […]

We received a burning question from Peter regarding leases. He asked… “I own a retail shop and it has just been vacated, the new tenant does not want a lease, they just want to rent it month by month. I know the person and am happy with the arrangement however I want to know if […]