Michigan  |  Real Estate Law

Legal Question

Asked on: 6/11/13, 12:40 pm

I am the legal officer of a small-business restaurant that was incorporated. The lease is up and we are in a month-to-month leasing arrangement now with the property owner. I want to close the business and leave it free and clear. However, the landlord insists that the unit has to be cleaned out completely before leaving. I cannot find a buyer and not sure how to liquidate everything in the unit. How am I legally liable if I were to just walk away? Are my personal assets/interests liable if it is a corporation?

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