NB Attorneys Help Tenants Terminate Highly Unfavorable Multi-Year Commercial Lease
Faced with a personally guaranteed, multi-year lease entered into at the height of the commercial real estate boom in downtown San Diego, NB Attorneys sued a prominent international hotel and property management chain for failing to live up to its own lease terms.
As a result of hard fought negotiations and the litigation pressure applied by NB attorneys, NB's clients were released from all obligations under the lease, saving hundreds of thousands of dollars over the life of the remaining term. At the time, the lease terms were devastating the tenants' business in San Diego.
In addition, the tenants were able to get more than $20,000 in rental payments returned to them, giving them the ability to move their store to a new location with a far more tenant friendly lease arrangement. Now, the tenants are back in business and thriving. To date, the tenants' previous space is still unoccupied. "The hope is that a landlord will see the economic benefit that flows to them when they work with a tenant who is stuck with a lease that no longer reflects the economic realities of the area, rather than trying to stick it to the little guy. There is no doubt that an experienced law firm will help level the playing field in the commercial landlord/tenant battles that are sure to come as the economy struggles along here in town," said NB attorney Travis Bray.



