Idealwarehouse
New Member
Hey everyone this is one of my first posts I hope that someone can help with some good advise. I own and manage a few hundred thousand square feet of commercial warehouses. The bays are rented to small commercial business like automotive shops cabinet shops and personal hobby shops also some dead storage. The story is that the other day a very well dressed young man driving a new Range Rover came in. He rented a thousand foot bay. He loaded the bay full of personal belongings and then his check bounced. Now he's missing. All his numbers are disconnected. Normally I would drag is stuff into the street take something of value and call him after I had possesion of the item of value. Bottom line if a tenant doesnt have money to pay his rent he doesnt have any to get an attorney. This guy has some dough though and a little bit of an education on the issues. whats the deal with the bounced check? A buddy told me that if there is no consideration there is no lease. Is that true? Thanks