I own a business and am having some problems with my landlord. The lease has expired and I am currently on a month to month lease. My neighbors are paying much less then I am for more square footage. It has come to the point where paying this amount of rent does not make sense for me.
I currently pay $18,000 per month and next month I would like to just pay $13,000 (the amount I feel is fair after researching what other buildings rent for). I wanted to send a check for the lower amount with a letter asking the landlord to accept the new rent or evict us. If the landlord cashes the check does that constitute acceptance? We have tried negotiating but the landlord will not respond. Is there anything I should expect? The landlord is also in a bind because it will be hard for him to find a new tenant in this market and if he should get a new tenant he would have to bring the building up to code-which would be costly for him.
Thank you.
I currently pay $18,000 per month and next month I would like to just pay $13,000 (the amount I feel is fair after researching what other buildings rent for). I wanted to send a check for the lower amount with a letter asking the landlord to accept the new rent or evict us. If the landlord cashes the check does that constitute acceptance? We have tried negotiating but the landlord will not respond. Is there anything I should expect? The landlord is also in a bind because it will be hard for him to find a new tenant in this market and if he should get a new tenant he would have to bring the building up to code-which would be costly for him.
Thank you.