Negotiating Commercial Lease Workouts for Atlanta Businesses
Your commercial space is often vital to the success of your business, though we all know that many circumstances can arise that temporarily make fulfilling your rent obligations impossible. In this situation, you need the help of a lease default workout lawyer in Atlanta from Battleson Law.
Requesting a Lease Workout Agreement
When you default on your lease, your commercial landlord has the right to initiate enforcement action against you, including a possible eviction and lease termination. For many company owners, this could spell the end of operations… WITHOUT the elimination of the responsibility for rents. Instead of waiting to be evicted or struggling to catch up with unpaid rent, requesting a workout agreement with your landlord is more prudent.
Many commercial landlords prefer a temporary workout agreement to an eviction since they will not have to go to court, make property adjustments, or find a new suitable commercial tenant. The terms of a workout agreement can be flexible based on your circumstances and what the landlord is willing to agree to. Some workouts might include:
- Rent relief
- Rent forbearance
- Modifying operating clauses or other terms of the lease
- Allowing co-tenancy or subleasing
When you request a lease workout, there is always the chance your landlord will not agree. When your landlord reviews your financial statements of your company, they might decide to start enforcement actions and/or find another tenant. This is only one reason why you want to have a skilled attorney handling these communications and negotiations.
Contact a Lease Default Workout Lawyer in Atlanta as Soon as Possible
Battleson Law helps businesses obtain workout agreements from commercial landlords, as well as reviews any agreement terms. If you’re having difficulty keeping up with your commercial rent, do not wait to consult with an Atlanta lease default workout attorney. Call 404.382.8149 or contact us online for more information.
