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.
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.