Understanding Commercial Leases in Massachusetts
Whether you are the owner of office buildings, retail stores or hotels, commercial real estate can be a large investment. If there is a dispute between you and one of your tenants, you could be facing problems. The Law Office of W. Matthew Iler, Jr. works with landlords in Beverly and throughout Massachusetts to resolve disputes with their tenants.
In Massachusetts, commercial leases and residential leases are very different. Every aspect of the landlord/tenant relationship is clearly laid out in the lease so that there are not any discrepancies. Both parties’ rights and obligations are defined in the lease and both parties have equal rights. If any disputes arise such as late payments, you need a skilled lawyer to help you remedy the issue. Attorney Iler will take the time to work with you to get a clear picture of the problem and your needs and goals.
Legal Options During a Commercial Lease Dispute
If you are involved in a dispute with a tenant, there are several legal options available to you:
- Demand letter: Mr. Iler can help you craft a demand letter that states what the problem is and what the tenant can do to fix it. If they owe you rent, you can include the amount here.
- A notice of default: This a formal letter you can send to your tenant letting them know they have a certain amount of time to pay.
- Eviction proceedings: If all else fails and you are unable to collect cash payments, you are within your legal right to evict the tenant.
Helping You Find Alternative Ways to Solve the Dispute
There are other options that exist if you do not want to go the route of eviction. You can implement a payment plan that allows the business to slowly pay back the money, or you can shut the business down and require them to vacate the premises.
To Discuss Your Legal Options
Attorney Iler will work quickly and efficiently to help you solve your commercial lease disputes. You can fill out his online contact form to schedule a consultation.