if i sign a commercial lease, and the landlord goes bankrupt, what are my rights if he loses the property ?
Asked on 1/17/13, 10:16 am
2 Answers from Attorneys
David Slater
David P. Slater, Esq.
Your lease should run with the land unless extinguished by court order. You will pay the new owner.
Answered on 1/17/13, 10:21 am
Barry Stein
De Cardenas, Freixas, Stein & Zachary
Mr. Slater is accurate. The new owner is responsible for honoring the lease UNLESS the lease has a provision which negates that.
Answered on 1/17/13, 1:46 pm
