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Paul Porvaznik – Business Litigator

Case Notes and Summaries of Recent Cases (State and Federal Courts – Illinois Focus)

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The Landlord’s Duty to Mitigate Damages

  When a commercial tenant defaults under a multi-year lease, say by abandoning the premises with several years left on the lease, the law requires the landlord to mitigate its damages.  So, if retail tenant skips out on a 10-year lease after year 2,  the landlord cannot sit idly by for 8 years and then recover 8 …

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Posted byPaulPMay 3, 2013April 1, 2018Posted inLandlord-Tenant, Real estate litigationTags: 9-213.1; landlord's duty to mitigate; failure to mitigate, Chicago, commercial lease, CRE, fisher kanaris, litigation, LLC, Porvaznik9 Comments on The Landlord’s Duty to Mitigate Damages

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