Commercial Lease Litigation
In commercial lease matters, the stakes are always high. A loss of even one month of rent can be significant for a landlord, and the cost of repairing a commercial building can run into the hundreds of thousands of dollars for even routine work. For tenants, many spend significant amounts of money constructing their business operations just how they want them, relying on their ability to stay at that location for the long term, or renew their lease down the road. For these reasons any commercial lease dispute between landlord and tenant can be significant, not only in terms of costs but also in terms of business impact.
Impact of Foreclosure on Commercial Leases
Recently, we have seen a tremendous increase in commercial lease litigation relating to a building being sold, transferred, or foreclosed. Tenants who have invested tremendous amounts of money in a particular building or location are faced with a new owner seeking to evict them and wrongfully void their lease.
From a landlord’s perspective, being locked into a long-term lease under market value can negatively impact not only the value of the property, but also the ability to get financing for needed repairs and maintenance. Oftentimes in a foreclosure purchase scenario, there isn’t even any way to know what the terms and nature of leases are before purchase. Accordingly, this scenario frequently gives rise to disputes and litigation.
McFarlin LLP is one of the most well-regarded foreclosure defense law firms in all of California. If you’re currently facing the threat of foreclosure, we encourage you to contact us quickly. We are here to help protect your home.
Handling Complex Commercial Lease Cases in Irvine & Orange County
McFarlin LLP is uniquely qualified to handle commercial lease litigation matters, as our attorneys have backgrounds in business litigation as well as real estate and foreclosure law. In many instances, contract law will govern the dispute; however, if a term is not specified satisfactorily in the lease, real estate law takes over. Our Irvine commercial lease attorneys have handled hundreds of similar matters and will find you the best solution for moving forward.
We offer a free case analysis and evaluation so you can be 100% comfortable before engaging our firm. To schedule a no-obligation appointment, contact us via our online message form or by dialing (949) 570-5025.