Tenant Default: Are You Preserving Your Remedies?

My mother always said, “You can’t get blood from a turnip.”  Being a fairly argumentative child (sorry Mom), I proceeded to suggest useful products that could be derived from a turnip and sold/traded for the money I was seeking.  Commercial landlords are often faced with the same dilemma.  Rent tends to be a high priority obligation to a tenant because it isdifficult to run your business after you have been evicted from your store front.  If the evicted business is the primary source of income for the tenant, and its owner(s), then any guaranty of payment obtained from the owner(s) is also of questionable value.  So what products can we derive from that turnip? (Click here to continue)

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Royce S. Lanning

Licensed since 2003

Member at firm The Strong Firm P.C.

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Royce S. Lanning

Licensed since 2003

Member at firm The Strong Firm P.C.

RECENT POSTS

  • Probate: 5 Tools For Avoiding Probate in Texas
    Posted on March 21, 2017
    Topic: Wills and Probate

    Texas has created a quick and (relatively speaking) inexpensive probate process that can be utilized in the majority of estates arising in Texas. While there is no substitute for the planning and protections that can be achieved with the proper will or trust, there are limited circumstances in which the value of those protections may ... Read more

  • Steps Landlords Should Take to Protect against a Tenant’s Mechanics Liens
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    Most commercial landowners are aware that contractors, subcontractors and suppliers that provide work, tools or materials in connection with constructing an improvement have a right to place a lien on the property until they are paid. This type of lien is often referred to as a Mechanic’s Lien…(Click here to continue) ... Read more

  • Estate Planning: Planning to Protect Inherited Retirement Accounts
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