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Discussion in 'Commercial Landlord & Tenant Issues' started by sanguru, May 5, 2005.

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  1. sanguru

    sanguru Law Topic Starter New Member

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    A friend of mine whom I'd known for over 10 years and is a home improvement contractor came to me and asked if I would help him rent a commercial property. The jist of our deal was that I would put the lease on my name and he would pay the rent. *(I feel like a fool already!)*

    Well ... what do you know... he's having trouble paying the rent because of his rollecoaster finances.

    Im wondering what are my options here. I am on the lease but cannot pay that rent.

    Is there a way to transfer the lease to someone else's name? say .. my contractor FRIEND over here... ?

    Any and all thoughts or ideas would be sincerely appreciated.
     

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