What's this about the Uniform Commercial Code on my office lease? - commercial premises for lease
In brief internet search, see the UCC code complex and confusing. Please help me understand in the context of my rent office:
"Landlord Tenant grants a security interest in personal property of Tenant now or hereafter located on the site. This contract is a security agreement under the Uniform Commercial Code. The owner may obtain a copy of this contract as a financing statement submitted.
Do you have a security interest for money, as the bond? Or it means that if something happens (I know not to pay ...? Reserve) then the owner is my own? I'm getting.
Tuesday, January 12, 2010
Commercial Premises For Lease What's This About The Uniform Commercial Code On My Office Lease?
2 comments:
I asked my friends who has come a library on this subject and even if there were complicated issues, which is basically it.
The owner has decided to create a "guaranteed" in its rental of office space. As we suspect that this means that if you can not pay the rent, the owner apply for a few possessions in the office (computers, fax machines, staplers, etc. ...).
The main reason is that we say that the bankruptcy and we have to be rented or 2 months. The landlord will probably not be able to recover 2 months, because it is a liquid in its value, but the choice of "security" issues of ownership, the owner is entitled to pay on your debts.
Hope this helps.
Owners want maximum protection
usually present and may believe that
Tenants should focus on obtaining a profit. But if the tenant breaks the
The owner is not just dollars.
In cases like this - or, for example,
Tenant is not a good business person
is rented for 3 years, whether for a restaurant,
My favorite example of the team
remains until the tenant pays all rent
Regardless of how much money can attract the tenants!
I am an agent of the buyer - I can not freely
Help.
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