Consumption and Real Estate
I’ve a lease on a Chicago office. if the owner files bankruptcy or foreclosure occurs, is my lease void?
Question : I’ve a lease on a Chicago office. if the owner files bankruptcy or foreclosure occurs, is my lease void?
I have a very long lease with rent paid in advance for the full lease term. I want to stay – can I?
chicago office lease
Best answer:
Answer by Age of Reason
Lease is not void and you stay
While the lease may be void, the lender could also honor it. It’s money in their pockets that they weren’t getting from the owner. You can watch to see if the owner has defaulted at the county assessor office.