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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An Illinois Landlord’s Commercial Lease Damages
In a typical commercial lease lawsuit, the tenant is long gone and possession is not in issue. Usually, it’s a retail tenant whose business is suffering and who can’t pay the required rent. Because of this, getting a possession order is often an afterthought as the landlord’s main focus is trying to recover damages from …
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