From: "Chris Jones" 
Newsgroups: alt.building.realestate
Subject: Re: Lease Termination
Date: Thu, 07 Aug 2003 23:54:45 GMT

No, problem is the location.  Lots of layoffs in the area.  Not a lot of
traffic due to high vacancy ratio in the plaza.  Also, a competator has
opened across the parking lot which is unrestricted by covenants.  I can
find cheaper space elsewhere, but assumed the lease to buy the business.
The previous owner has a personal guarantee on the lease, and I do not.


"JD"  wrote in message
news:FZxYa.792$mM4.66401414@newssvr13.news.prodigy.com...
>
> "Allan Johanson"  wrote in message
> news:GZmYa.106$cM5.4862@nnrp1.ozemail.com.au...
> > If the premises somehow are determined to be un-lettable
(building/health
> > codes compliance - fire accident),  it could/may be an out for either
> party.
> >
>
> I don't think this is his situation at all, but even if it is, those
clauses
> favor the landlord.
>
>
> > "Chris Jones"  wrote in message
> > news:lEeYa.4398$2x.165724@twister.southeast.rr.com...
> > > I am a commercial tenant in a lease with 3 yrs remaining.  Due to the
> > > economy business has declined to the point where I am unable to
continue
> > to
> > > pay my lease obligation.  I've asked my landlord for relief to no
avail.
> > Is
> > > there anyway to terminate a lease early without significant legal
and/or
> > > financial penalties.
> > >
> > > Thanks, Chris
> > >
> > >
> >
> >
>
>