Q: My commercial building lease expired July 15. I recently received notice that the property owner will no longer be
leasing the property, which has multiple tenants. September 3 is the date to vacate. Am I required to pay rent during this notice/move out period?
Typically, the terms regarding rent and notice periods should be outlined in your lease agreement. It's essential to review your lease carefully to determine the specific terms and obligations in your situation. Lease agreements can vary, and they often dictate the rights and responsibilities of both landlords and tenants.
In some cases, the lease agreement may require tenants to continue paying rent during a notice period, even if they are in the process of moving out. However, there may be circumstances where the property owner waives the rent during this period as a gesture of goodwill or as part of negotiations.
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