Commercial Lease Agreement Eviction
In some cases, the Consumer Protection Act may apply, in other cases the relationship is governed by contract law. The alternative way in which the commercial owner hopes to avoid the involvement of the courts is that of peaceful re-entry. This means that the owner has access to the property, either directly or by using bailiffs and changing the locks so that tenants do not have access to it. Commercial owners of small business units, which often serve as incubators for commissioning, can often benefit from this flexibility. Your tenants probably won`t need the relevant business premises over a longer period of time. Their hope is that the business will be successful and therefore grow to a point where they want to move to greater unity. Of course, many enterprising commercial landlords will own a real estate portfolio and will therefore be able to continue charging their successful tenants rent for a longer lease as part of a legally binding written contract. If a commercial tenant receives a notice from their landlord, the tenant must file a Yellowstone injunction to encumber the healing period of the offense. A Yellowstone Injunction is a New York Supreme Court proceeding that is initiated by the tenant when the landlord attempts to terminate the lease for an alleged breach by the tenant. The Yellowstone Injunction is a kind of injunction that prevents the landlord from terminating the lease prematurely. In other words, the Yellowstone Injunction asks the court to maintain the status quo while a case is being tried and the tenant has the right to heal the alleged delay without the healing period expiring . In the absence of the Yellowstone order, the healing period would expire before the judge could determine whether or not the tenant was late and whether the lessor had the right to terminate the lease . .