Lawsuits relating to unpaid rents are on the rise as dozens of retailers hit by the economic downturn shut shop, with law firms in Hong Kong witnessing a massive uptick in enquiries seeking advice on recovery of arrears.Lilian Chiang, senior partner and head of the property department at law firm Deacons, said requests were pouring in from landlords pursuing overdue rent and distressed tenants seeking to exit leases. Nearly 80 per cent of the those looking for advice were retail tenants and the…
Source : South China Morning Post
Read more…Law firms expect a wave of ‘see you in court’ as landlords sue distressed tenants for unpaid rent
