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<p class="MsoNormal">Typical abandoned property scenario. I represent a commercial landlord. Tenant vacated and left a bunch of furniture and equipment. The lease contains a clause that any property left is deemed abandoned. I am not concerned with the tenant’s
claims, but there are multiple UCCs filed (which all pre-date the lease) on the furniture and equipment.
<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">I plan on doing the notice of abandoned property sale per 715.104 and 715.109. If nobody bids, then what happens to the property? Does my client bid $1 and own the property subject to the UCCs? If a third party bids, I assume it’s subject
to the UCCs. Why would a third party bid then? <o:p></o:p></p>
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<p class="MsoNormal">Is there any other way to get rid of this stuff without exposure to liability?
<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal">Dariel J. Abrahamy, Esq. <o:p></o:p></p>
<p class="MsoNormal">Shareholder<o:p></o:p></p>
<p class="MsoNormal">100 W. Cypress Creek Road, Suite 700<o:p></o:p></p>
<p class="MsoNormal">Fort Lauderdale, FL 33309<o:p></o:p></p>
<p class="MsoNormal">P: 954-491-1120; F: 954-343-6972<o:p></o:p></p>
<p class="MsoNormal">Dariel.Abrahamy@gmlaw.com<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
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