It’s one way companies cancel leases and may be the best way to break a lease depending on how it’s written. Then they get evicted and the lease is cancelled.
Look at San Francisco and all the companies just walking away from buildings while stopping any payments to said leases and loans. It’s not that uncommon.
What kind of damages would breaking a lease create compared to not paying rent and getting evicted after months? Why wouldn’t you still be in the hook for breaking a lease?
Ba dum tss! For real though, how did he think skipping rent was going to be ok?
It’s one way companies cancel leases and may be the best way to break a lease depending on how it’s written. Then they get evicted and the lease is cancelled.
Look at San Francisco and all the companies just walking away from buildings while stopping any payments to said leases and loans. It’s not that uncommon.
What kind of damages would breaking a lease create compared to not paying rent and getting evicted after months? Why wouldn’t you still be in the hook for breaking a lease?