Can Commercial property owner who also sold you the business kick you out?
Yeah it may be, probably try to sign all the required documents with proper accord and rules .taking expert property advice is best.
by Paul - 17 hours ago
It really depends on the lease agreement that you originally signed with the original owner. I would imagine if he still has a note on the business he sold to you it gives him very little motivation to "kick you out". I would try and renegotiate and get some "options" of future rent consideration built into a new revised lease. In this marketplace landlords (especially former business owners) can be somewhat flexible in new lease terms.
by Peter - 17 hours ago
Yes, the Landlord can terminate the lease. This has nothing to do with the business that was sold/acquired. Review the lease terms. Business owner should have negotiated better terms.
by Barkley - 17 hours ago
Yes unless the lease was say, 5+5. You're only allowed in the premises while a lease is current. The lease would not be in the price of the purchase. The previous owner does not take the business back - you just move it to other suitable premises.
by Neil - 17 hours ago
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