Is Accelerated Rent Slowing Down?

Many leases provide that upon the happening of certain events, (for example, the tenant's bankruptcy, insolvency, or default under the terms of the lease), the then current month's rent and the next three months' (accelerated) rent become immediately due. But how enforceable is this clause? Do courts actually uphold it?

Read the full article here: Is Accelerated Rent Slowing Down- August 22-2003

The information contained in this article is provided for general informational purposes only and does not constitute legal advice. No recipient of this content should act, or refrain from acting, based on any information included without seeking appropriate legal or other professional advice on the particular facts and circumstances at issue.

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