Tenant's Insolvency In Lease Agreements

From an economic perspective, especially in the current business environment, contractual freedom is the best legal method to satisfy the legitimate interests of individuals and to ensure the general benefit and, consequently, social progress. From this point of view, in any activity, every business is seeking to make a profit. Achieving this depends on a series of determinant factors as well as a certain number of risks which any business should assume when implementing its objectives.

In a preliminary stage this is reflected by the necessity on the part of businesses to establish a headquarters. Later, when they expand to specific locations, premises often are rented from other legal entities owning commercial, industrial or office buildings. Usually the economic blockage is reflected in the business performance of the tenants. Thus the owner of commercial premises whose tenants have succumbed to pressure from creditors and the repercussions of excessive pecuniary