I usually know a barest of facts, though it smells unlikely to me. My family’s commercial operation is partial of a selling core frame as well as you have been a anchor store. About a year ago, it switched skill government groups. This week, you were told which a lease would climb substancially to cover an superb debt which a prior skill owners upheld upon to a stream company. Shouldn’t which debt have been partial of negotiations when this association paid for out a last, as well as how can they have us compensate for their mistake?
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It doesn’t sound right that they’re increasing the rent on you for their debt problem.
However, you’re only protected by any regulations on rent increases. Depends on where you are, you want to find out the maximum increase they can impose.
Also, since you own the anchor store, you have some clout to negotiate a better term for yourself or move the store.
Unfortunately this often happens. A commercial property is acquired by another company and the lease goes up. Usually it results in a business moving elsewhere once their lease is up. I do not believe they can raise the rent until your current lease is up. I would consult a business attorney.