Building Better Leases Series – Attorneys’ Fees

Building Better Leases

In the event of a lawsuit, the losing Party is required to reimburse the Prevailing Party for all attorney fees that are reasonable incurred. Regardless if it’s necessary or not to file a lawsuit, the Lessor is entitled to legal fees incurred in conjunction with notices of Default. There is a $200 reasonable minimum fee for an attorney to charge for the preparation of a Notice of Default. These types of lawsuits are meant to be broad in the hopes that fewer lawsuits are filed because the Parties will recognize that if they lose, they will not only have to pay for the fees charged by their own attorneys, but also those charged by the winner’s attorneys.

The information provided does not, and is not intended to, constitute legal advice; instead, all information is for general information purposes only. Consult an attorney for legal advice.