Paul Porvaznik – Business Litigator
Case Notes and Summaries of Recent Cases (State and Federal Courts – Illinois Focus)
Form commercial lease language usually gives the landlord the option of terminating the lease OR terminating the tenant’s right to possession after a tenant default. Generally, if a landlord terminates the lease, this cuts off his damages at the date of termination. So, if landlord terminates the lease on January 1, 2013 and the lease …
Continue reading “Commercial Lease Acceleration: Termination of Possession vs. Termination of Lease”
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 …
Continue reading “An Illinois Landlord’s Commercial Lease Damages”