• Sign In
  • Create an Account

Dizzy

  • Search
    • Brokers
    • Haves
    • Wants
    • Transactions
    • Marketplace Advertisers
    • Directory
  • Blog
    • tBL Blog
    • How To Blog With Us
    • Blog Contributors
  • Marketplace
  • Advertise
    • Advertise on tBL
    • Marketplace Program
    • Placement Opportunities
  • FAQ
    • tBL FAQs
    • Why theBrokerList?
    • In the News
    • BULK SUBMISSION
    • Buildout Syndication
    • Site Updates
    • Contact Us
    • Feedback

Evict or Stay: Commercial Tenancy in Prince George County

This post originally appeared on Capital Retail Blog and is republished with permission. Find out how to syndicate your content with theBrokerList.

//?#
Share
Tweet
Share1
Pin
1 Shares

    We manage and lease several commercial buildings in Prince George’s County Maryland. We have found it’s especially important to follow up quickly with any late paying tenants and assess their financial situation. This is especially true in Prince George County where it often involves both filing in District Court for possession and then filing a separate complaint in Circuit Court for a money judgment. Some tenants jut fall behind in paying the water bills which have been overlooked. Other tenants are a few months behind in rent and their business is sinking fast. It’s critical to determine the difference between chronic late paying tenants that still have a healthy business and are cash flow positive and those tenants who have a failing business that is tanking fast and won’t recover.  As property managers we communicate often with the tenant to assess their financial situation. Does the tenant just need a short term payment plan or are they falling hard and fast. Either way, determine what course of action to take with a tenant ASAP. Regardless of the outcome, documenting the process with written letters is simply just good business. In Prince George’s County it’s often more time consuming than other counties in Maryland for commercial property owners to obtain money through the legal courts from tenants who have been evicted from the property. If a tenant does not pay rent it’s common to file suit and receive a judgment for possession with the past due noted as the redemption amount. But that’s usually where it ends. It’s far less common to also receive a “money judgment” at the same time. Indeed you can obtain a money judgment in landlord/tenant actions in Maryland but it’s typically a more involved legal process in Prince George County.  Prince George’s County district court judges do not usually award money judgments in landlord/tenant cases and certainly not if personal service hasn’t been given to the tenant.  To obtain a money judgment and collect, commercial landlords almost always have to file a separate civil action against the Tenant in the Circuit Court after having gone through District Court. In turn, more legal fees are being spent so it’s important to decide upfront if it’s likely the landlord will collect.

    Apr 21, 2019Robert Tack
    7 months ago Best PracticesWashington DC48
    Robert Tack
    Is This The End Of The Open Office Concept?5 Creative Ways to Market a Property on Social Media
      You Might Also Like  
     
    Two Financial Reasons for Buying Income Real Estate
     
    Can Tenants Going South Be Turned Around?
     
    Retail Changes

    You must be logged in to post a comment. - Log in

     Advertisers 
     Categories 
    • Best Practices (1,185)
    • Brokerage Life & Leadership (276)
    • Business Trends (321)
    • Commercial Real Estate Is (6)
    • CRE Market Reports (339)
    • CRE Marketing (59)
    • CRE Promotions/Job Changes (46)
    • DNA of #CRE (4)
    • Done Deals (418)
    • Events & Conferences (105)
    • How To Use theBrokerList (91)
    • Marketplace Partners (2,363)
    • Member Blogs (14)
    • Press Releases (212)
    • Shout-Out (1)
    • Sponsored Blog Posts (3)
    • theBrokerList Podcast (1)
    • Top 10+ CRE Blogs (6)
    • Uncategorized (123)
     Company 


    Contact Us
    Technology Partner Program
    Terms of Service
    Privacy Policy

    Copyright 2019 - theBrokerlist
     Connect 
    Become a Member
    Subscribe to theBrokerlist Daily
    Subscribe to Property Announcements
    Submit a Property Have
    Submit a Property Want
    Submit a Property Transaction
    Submit a Blog Post or Feed
     Advertise 
    Advertise with theBrokerList
    Join the Marketplace
    Custom Media Opportunities
    Property Promotion Advertising [coming soon]

    Heap | Mobile and Web Analytics
    2019 © theBrokerList Blog