What To Do When Commercial Tenants Default

If you just skim the headlines, it seems like the bad news never ends. But whether or not it is really as bad as some say, it is undeniable that some tenants in industrial properties just close their doors. The landlord faces a loss of cash flow, both immediately and in the foreseeable picture. But the landlord can take steps to minimize the impact on the bottom line. The most important step is to take back possession of the space and to re-lease it, so that it will start being productive again. But the day when landlords could just hire a few burly guys and forcibly throw out the tenant are gone forever. State law prohibits "forcible entry," and over the years, the definition of "forcible entry," has expanded. This article provides landlords with an overview of the responsibilities and options available int the re-leasing space.