Eviction
Eviction is the legal process by which a landlord removes a tenant from a commercial property, typically due to non-payment of rent, lease violations, or expiration of the lease term. The process must follow local legal procedures, which generally require proper notice and a court order before physical removal can occur.
Evictions can be costly and time-consuming for landlords, making thorough tenant screening and well-drafted lease agreements essential preventive measures. The terms governing eviction, including cure periods and notice requirements, are usually specified in the lease and governed by state law.
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Lease & Tenancy
Terms that govern the relationship between landlords and tenants in commercial real estate. Covers lease structures, rent, occupancy rights, and the events that change or end a tenancy.