The article by Patrick Abell and Andrew Solomon provides guidance for landlords dealing with restaurant tenants who have gone out of business. It emphasizes the need for landlords to quickly regain control of the premises, either through a negotiated surrender of the space or formal eviction. Landlords should then promptly seek to re-let the space, making necessary modifications depending on the new tenant’s needs. Key issues in terminating the lease include managing outstanding payments, handling equipment and signage, and negotiating a termination fee. The article also advises on protecting against potential bankruptcy claims and ensuring that all termination conditions are clearly defined. To read the article, please click here.