answersLogoWhite

0

If a business is failing, management can try to negotiate with the lessor to determine if they can get out of the lease. It is possible to get out of the lease, but you will likely have to pay fees.

User Avatar

Wiki User

11y ago

What else can I help you with?

Related Questions

Is there a difference between a term business car lease and a commercial auto lease, or are they one and the same?

A car lease is an individuals person lease for their car. A commercial car lease is the lease for a commercial vehicle which are used for businesses.


Why would you want to swap a lease?

There are several reasons why someone might want to swap a lease. It could be because their financial situation has changed and they can no longer afford the payments, they no longer need the vehicle, or they simply want to get into a different car. Swapping a lease allows them to transfer the remaining lease term and payments to someone else, relieving them of the financial responsibility.


What is considered a long term lease?

In Accounting, long-term typically refers to anything longer than one year. This includes leases.


Can your landlord change the amount of the rent after a year just by telling you on the phone what he wants when you signed an agreement a year ago?

It depends on the term of your lease. If you had signed a one year lease, an additional year may be offered at a higher monthly rate. If you had signed a longer term lease, the landlord cannot increase the rent during the course of the lease unless specifically permitted in the lease.


Where is the term Business Contract Hire commonly used?

The term Business Contract Hire is commonly used in the UK. Business Contract Hire is used to describe a vehicle operating lease. Contracts can range from 12 to 60 months.


What kind of people lease business equipment?

Plenty of small businesses lease equipment, especially at the beginning when a business is just starting up. Taking advantage of long term leases can add to your bills over the years but can help get your small business off the ground quickly.


Tenant got 4 years left on lease and want to leave?

You can try to lease on even better terms (for you) with a new tenant at a higher rate and longer term or possibly the tenant can sub lease to someone else and pay you that way. ??


Can I rent an office trailer for just 3 months?

Yes you can do this. Most companies will allow you to have a month to month lease and longer if need be so be rest assured you will not be stuck with a long term lease.


What is percentage lease?

It is one type of lease where the tenant pays a base rent plus a percentage of any revenue earned while doing business on the rental premises.It is the term used in commercial real estate.


What should I look for in a lease agreement for my small business?

Look for rules and terms according to your lease such as "The monthly rent is due in advance on or before the first day of each month during the lease term. " look for parking if you get any, if you do check how much and the hours you are allowed to park


Can a landlord no longer give lease to tenant after the first lease is up?

Most leases have a "continuance" clause in them stating that the lease becomes "month to month" lease after the original term is up. Most courts "assume" this is the case when a lease expires and the tenant remains on the premises. In most instances a "lease: is not required by law. Most leases are drawn up to protect the parties involvedand are of course a very good idea for all.


What are the differences between a forever lease and a monthly lease?

A forever lease is a long-term agreement where the tenant can stay indefinitely, while a monthly lease is a short-term agreement that typically renews on a monthly basis.