There are many reasons why a landlord-tenant relationship can turn sour. Typically, the result is the landlord suing the tenant for unpaid rent or some other breach of the lease agreement. However, often times the tables will turn and the landlord will find themselves being sued by a tenant for a landlord breach. When a landlord finds themselves in this situation, it is important for the landlord to take certain steps to ensure that its interests are protected: (1). CONTACT YOUR ATTORNEY: First and foremost, it is important to contact a knowledgeable landlord-tenant attorney in your area to ensure that all pleading deadlines and initial hearing requirements are met so you do not find yourself in a default situation and an automatic loss in court. It may be tempting to believe that you can represent yourself in court, however, this may not be possible under state law. As most commercial…
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Billionaire Tom Gores, whose Platinum Equity firm was rebuffed in an attempt to buy auto supplier Delphi Corp. out of bankruptcy in 2009, has set his sites on another struggling Motor City franchise: the Detroit Pistons basketball team. According to reports out of Motown, Gores has an exclusive 30-day window to negotiate the purchase of the National Basketball Association team from Karen Davidson, the widow of longtime Pistons owner Bill Davidson. Gores, a Beverly Hills, Calif., financier, has emerged as the lead bidder for the team after Davidson apparently broke off talks with pizza mogul Mike Ilitch. The team is thought to be financially sound as it owns its Auburn Hills, Mich., arena and the valuable luxury box, concessions and parking rights that go with it. But the Pistons have faltered on the court this season as their ownership has been in flux. The team has posted a 12-25 record,…
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PITTSBURGH TRIBUNE-REVIEW – Steelers backup quarterback Charlie Batch is struggling with personal and business debt after years of working to redevelop properties in the Steel Valley, where he grew up. Batch has filed for bankruptcy protection from creditors, listing $8.29 million in liabilities and $2.3 million in assets. Batch Development Co. Inc., of which he is the sole shareholder, had 25 properties turned over to a court-appointed receiver earlier this month after defaulting on a $1.15 million mortgage with Dollar Bank, court documents show. “I can’t comment,” Batch said Friday, although he stressed that the matters have no impact on his Batch Foundation or on a former Homestead bakery that he is renovating. The foundation is a sports and education organization for children. In its complaint, Dollar Bank said Batch has been managing the properties, but they haven’t generated enough rent to pay the mortgage that dates to 2008. The…
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