- Jurisdiction
- California
This is a fun question.
I have commercial tenant and her 3 year lease is up 12/31/2018. She been with me for 10 years. She want to lease for another 4 year.
She is 70 years old and may want to retire with in the next 4 years.
I agreed that if she retires and close her business down only, not sell the business. I will let her out of her lease.
If she does sell her business ( a nail saloon). The new tenant needs approval and will take a 15% rent increase.
Does anyone know the correct wording for both statements?
I have commercial tenant and her 3 year lease is up 12/31/2018. She been with me for 10 years. She want to lease for another 4 year.
She is 70 years old and may want to retire with in the next 4 years.
I agreed that if she retires and close her business down only, not sell the business. I will let her out of her lease.
If she does sell her business ( a nail saloon). The new tenant needs approval and will take a 15% rent increase.
Does anyone know the correct wording for both statements?