Aurora, IL asked in Business Law and Landlord - Tenant for Illinois

Q: Is it legal for my business landlord to ask for financials 3 years into a lease?

Lease and rent are current and up to date.

1 Lawyer Answer

A: This seemingly is a landlord-tenant issue. However, as a practical matter for business, if you have already signed a lease and been in it for 3 years, this appears to be out of their right to request.

However, I can see it making sense in two scenarios: if you have fallen behind and there is an issue with rent and /or the lease needs to be renewed.

1 user found this answer helpful

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