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    florist52's Avatar
    florist52 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Apr 5, 2011, 02:55 PM
    Store front was not given to me on day promised on the lease agreement.
    I signed a lease agreement to take possession of a store front on March 15th and now it is April 5th and I still do not have possession of the store because of contractors not finishing the repair work with the owner of the building. What can I expect in compensation for this?
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
    Uber Member
    		  
    #2

    Apr 5, 2011, 04:43 PM

    Prorated rent and any lost income.

    This is a legal question, not a small business question.
    excon's Avatar
    excon Posts: 21,482, Reputation: 2992
    Uber Member
    		  
    #3

    Apr 5, 2011, 04:50 PM
    Quote Originally Posted by florist52 View Post
    What can I expect in compensation for this?
    Hello florist:

    Whatever your lease calls for. If it doesn't call for ANYTHING, then all you'll get is a rent abatement.

    I'm sure you've been in contact with the landlord. What is he offering, if anything? You COULD always declare the landlord in breach, and find some place else. I don't know how bad you want to stay, or how bad the landlord wants you to stay. Any compensation, if it's NOT covered in your lease, and of course, it isn't, is subject to negotiation between you and your landlord.

    excon
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #4

    Apr 5, 2011, 05:13 PM

    As excon indicated, commercial leases are m0ore like contracts then residential leases. This means that what is written in the contract is what covers any eventuality. So if the contract has no clauses or penalities for non performance then you may not be entitled to anything. You do not have to pay the rental due. You can sue for any real losses incurred as a result of the delay.
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