We are an established team of Florida business attorneys that have been helping local and national business with their legal needs since 1997.
Florida Attorneys for Commercial Landlord Rights & Responsibilities
Assisting Landlords with Eviction & Other Important Matters
Commercial leases are almost always entered into with a corporation or other legal entity as the tenant. If the tenant's business is unsuccessful or the tenant breaches the lease, often times the landlord is left without adequate protections to recover some or all of the rent due. Commercial landlords should consider some of the ways to protect some or all of the rental obligation of the tenant.
Some means of protection for commercial landlords can include the following:
- Security Deposits
- Letters of Credit
- Personal Guarantees
- Security interests in the assets of the tenant
There are pros and cons to each of these options that are worth examining in detail below. A lawyer for commercial landlord rights and responsibilities from Florida at Rosenthal Law Group can also help you navigate this complex web of obligations and rights.
If you need to clarify a legal matter, seek legal action or answer a legal challenge, consider reaching out to Rosenthal Law Group online or by calling (954) 384-9200 for help.
Security Deposits
The simplest way for a landlord to secure a tenant's obligations under a lease is to collect a cash security deposit. A security deposit is usually the amount of one- or two-months’ rent, usually must be paid at the signing of the lease. In evaluating the proper amount of a security deposit, however, landlords should analyze the assets of the tenant against the obligations under the lease, the landlord's costs, and the likely amount of time to re-let the premises.
Florida does not have a statute governing the treatment of non-residential security deposits, which means the lease ultimately governs what happens to a security deposit. There are pros and cons to requiring a security deposit on a lease of your commercial property that should also be considered.
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"Alex commands the courtroom & truly cares about his clients"I recently had the experience of working with Alex P. Rosenthal from Rosenthal Law Group, and I can say with confidence — he’s the kind of attorney you want on your side when the stakes are high. We took our case all the way to the United States District Court, and thanks to Alex’s sharp strategy and execution, the judge dismissed the case without me even needing to testify. That’s right — it was over right after Alex’s cross-examination. That’s how good he is. If you’re looking for someone who knows what they’re doing, commands the courtroom, and truly cares about his clients, I can’t recommend Alex and his team highly enough. I’m deeply grateful for his help and would absolutely work with him again if needed.- Daniel Z.
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