We'd like to remind Forumites to please avoid political debate on the Forum... Read More » This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Can't pay commercial rent

Lifeisweird · 2020-03-30 19:18:21

Hi, I hope this is the right place to post. I have a commercial lease that I now cannot afford to pay as I am unable to work. I have a 6 month break clause, the lease is until December 2020. The landlord still expects me to pay and has put the office up for rent. If it gets rented by September 2020 then he says I will can…

Comments

Hermann Posts: 1,406 Forumite

30 March 2020 at 10:19PM

Lifeisweird said:

Jeremy535897 said:

You should check the lease. There might be a personal guarantee buried in its terms somewhere.

Thank you I will, but what would it be guaranteed on?

It would depend on the terms but the general notion would be that you personally remain liable for outstanding amounts even if the Ltd company becomes insolvent. Not something you want at this point in time.

0