Legal Question in Business Law in Arizona

Re: Break a lease in Arizona

It depends upon your lease agreement, who is the Tenant and did you sign a personal guaranty. If you gave your personal guaranty, then in deed, the landlord can go after your personal assets and income.

You should get counsel to help you work out a deal with the landlord and by this, minimize your liability.

Re: Break a lease in Arizona

Most landlords will require you sign a personal guarantee when you sign a business lease. We have had some experience in negotiating a payoff amount with Landlords in these situations. The economy has forced many businesses to go down this road lately, so we have lots of experience in this area, most of it current. We can review your lease for a flat fee, depending on the length of the document. The negotiation process is the expensive part, and depends on the tenacity of the landlord.