Late fees on Commercial lease.

[Jack Deer]

TEXAS.

I saw this on another website: "Commercial leases are basically no holds barred. The consumer protections for residential leases do not extend to commercial leases because the law presumes that the
parties are of equal bargaining power and sophistication. The amount
would have to be extremely egregious."

Is this true?

[Bob Solak]

There are still laws governing commercial leases (and I assume you are not referring to multi-family or any type of housing), and these vary from State to State (and possibly even locally).  But it is certainly true that there are less tenant protections and  easier eviction processes for obvious reasons.   Commercial landlords aren't generally throwing grandmas out on the street.