"Family members of a former richlister walked out of their luxury fashion store owing more than $350,000 in unpaid rent.
The retired owner of the premises said he was plunged to the brink of financial ruin by the debt."
I cannot understand the logic of some people when they say:
"We were probably more than a little naive but we [pinned] our hopes on their repeated promises ... because we felt that in a recession, we would be very lucky to find new tenants."
So you don't evict someone who is not paying any rent because you might have trouble finding someone else who will actually pay the rent?
The retired owner of the premises said he was plunged to the brink of financial ruin by the debt."
I cannot understand the logic of some people when they say:
"We were probably more than a little naive but we [pinned] our hopes on their repeated promises ... because we felt that in a recession, we would be very lucky to find new tenants."
So you don't evict someone who is not paying any rent because you might have trouble finding someone else who will actually pay the rent?
Comment