To evict a commercial tenant in Colorado, landlords must follow a specific legal process that requires serving a series of notices, including a default and proper notice and a notice to quit. If the tenant fails to comply with these notices, the landlord can file a complaint with the court and seek a judgment for possession.
Evicting a commercial tenant can be a time-consuming and expensive process. Having a strong lease agreement in place can help prevent disputes and streamline the eviction process.
A sublet clause in a commercial lease outlines the tenant’s rights and obligations related to subletting or assigning the lease to another party. It typically specifies whether the tenant can sublet or assign without the landlord's consent, and if consent is required, what conditions the landlord can impose.
A well-drafted sublet clause can provide tenants with flexibility while protecting the landlord’s interests.
A guarantee clause is a provision that requires a third party to be personally liable for the tenant’s commercial lease obligations. Guarantees are often used when the landlord has concerns about the tenant’s financial stability or creditworthiness.