Love this blog,thanks guys,Greg h.
A small pet grooming business leased some space in a small shopping center. They wanted to make approximately $25,000 in tenant improvements in the back area of the leased space. Before making the improvements, they learned that the shopping center was in foreclosure. They contacted the lender (a national bank) and explained to them that they wanted to make the tenant improvements, but were not going to if we were going to be evicted after foreclosure. The lender’s representative said that the lease would be honored after the foreclosure, and that a longer lease could even be negotiated. However, an investor purchased the shopping center at the foreclosure and delivered a notice of eviction to us. Does the pet grooming business have any commercial property tenant rights to stay in their leased space? If they are evicted, does the investor have to pay them the $25,000 for the tenant improvements?
View original post 179 more words
{ H } Companys 