How to Deal with Vacant Premises Containing a Former Tenant's Property

A common scenario- the tenant abandons its property in the premises and the landlord must decide what to do with it.  Often the tenant's property is of little value and the landlord must incur the costs of disposing of it. (By "property", we are referring to the tenant's furniture, equipment and trade fixtures.)

On the other hand, where the property is of some value, the landlord may want to sell the abandoned property to an incoming tenant, or to a third party who will absorb the removal costs. The big question is how does the landlord sell the abandoned property to a new tenant or third party free of any claims by the former tenant and its secured creditors?

Read the full article here: How to Deal with Vacant Premises containing a Former Tenants Property- August 20-2007