Court Of Appeals Clarifies Conditions For Tenant’s Surrender Of Premises
Many commercial landlords are faced with a tenant's surrender of the premises. When a tenant breaches a commercial lease by abandoning the leased premises, landlords often wonder whether they can sue the tenant to collect the remaining rent owed through the end of the lease term. If the commercial lease allows the landlord to recover "accelerated rent" (and if it contains the appropriate liquidated damages language), then the landlord may be able to recover a lump sum [...]