Just Elementary, Inc. » Entries tagged with "Retail Commercial Lease"
Lease Expiring: Holdover Clauses in Industrial & Retail Leases
When the premises lease for a business expires, what happens? Does it just become a month to month lease at the same rate as before? Do you have the right to stay in the premises? Once a Commercial Retail or Industrial lease expires, the lease doesn’t necessarily convert to a month to month lease. Often times a Commercial Retail or Industrial lease will have a Holdover clause that will dictate the terms of maintaining possession of … Read entire article »
Filed under: Commercial Leasing