Search
 

News & Media

Tearing up Preliminary Lease Agreements: Look before you leap!

Date: 07/2009
Commercial Rel Estate Journal (CRE)
 Tearing up Preliminary Lease Agreements: Look before you leap!
 
The economic crisis has revealed numerous problems in all segments of the global economy, and the real estate market is no exception. Objectively assessing the new economic reality and one's own capabilities, many companies that have entered into preliminary lease agreements for commercial space are trying to pull out of their agreements or have their agreements declared void in court. It is clear that if the preliminary lease agreement is dossolved or diclared invalid, then the obligations for signing the main lease agreement are also nullified. So how can developers protect their rights and force unscrupulous tenants to follow though and sign the mail lease agreements?
© CMS International B.V. 20010  
© CMS International B.V. 20010  Disclaimer | Privacy Statement | Sitemap