BlueButton
Registered User
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Hi,
A friend of mine rents a commercial unit for his business, from where he provides a service to the public.
There's been a commercial judgment awarded against his landlord for a substantial amount, by his creditors.
My friend is worried about the impact this will have on his business, the equipment on the premises which he kitted out himself and also worried what could happen his customers property if the locks are changed overnight.
He pays the landlord into his account by standing order. The landlord hasn't spoken't to him about this yet and the lease is due for renewal within the next few months.
Should he look for another premises and move his business and equipment asap? He's in a good location and would find it difficult to find somewhere suitable.
Should he continue there until the lease expires & renew it or should he not renew under any circumstances?
Will the current landlord be allowed to renew it or will some other entity be renewing the lease eg, bank etc.
He'd appreciate your advice.
Bluebutton
A friend of mine rents a commercial unit for his business, from where he provides a service to the public.
There's been a commercial judgment awarded against his landlord for a substantial amount, by his creditors.
My friend is worried about the impact this will have on his business, the equipment on the premises which he kitted out himself and also worried what could happen his customers property if the locks are changed overnight.
He pays the landlord into his account by standing order. The landlord hasn't spoken't to him about this yet and the lease is due for renewal within the next few months.
Should he look for another premises and move his business and equipment asap? He's in a good location and would find it difficult to find somewhere suitable.
Should he continue there until the lease expires & renew it or should he not renew under any circumstances?
Will the current landlord be allowed to renew it or will some other entity be renewing the lease eg, bank etc.
He'd appreciate your advice.
Bluebutton