http://www.CoinlaundryLaw.com

LOS ANGELES COIN LAUNDRY ATTORNEY

Myles M. Mattenson is an attorney with experience representing manufacturers and distributors of coin laundry equipment, as well as purchasers and sellers of laundry businesses throughout California.   Mr. Mattenson has authored numerous articles of interest to the coin laundry business community in The Journal published by the Coin Laundry Association as well as Fabricare, the magazine of the Dry Cleaning and Laundry Institute.

Mr. Mattenson also successfully represented a distributor of dry cleaning equipment in an action before the Ninth Circuit Court of Appeal which established that valuation of a security interest in the equipment and location of the bankrupt should be based upon the worth “on location” and not “off location.”   This holding is discussed in the published decision, to be found on this website, of Ardmor Vending Co., et al. v. Peter Kim, et al., 130 F.3d 863 (9^th Cir. 1997).

Mr. Mattenson, based upon his many years of experience in this industry, can assist you with coin laundry business issues such as lease review, equipment purchases including security interest acquired by equipment distributors, competition issues, common area maintenance charges, and the purchase or sale or such businesses, including escrow instruction issues, income and expense representations, income and expense projections, and security documentation executed in connection with the purchase or sale of such businesses, including assignments of lease as collateral security, security agreements, and UCC forms.   Mr. Mattenson can also assist with litigation pertaining to the above issues as well as fraud and misrepresentation in the sale of such businesses.

Mr. Mattenson’s services include the prosecution and defense of commercial unlawful detainer actions.   If you’re behind in your rent, what should you do?

Options include (1) pay the rent; (2) do nothing; (3) negotiate with the landlord; and (4) vacate the   premises.

Paying the rent is, of course, the best option, because even if your business is doing poorly, paying the rent will time to sell your business.

The option of “do nothing” is a dangerous option and will likely result in the service of an unlawful detainer action.

Many landlords would prefer to receive partial payments under some type of payment plan rather than dealing with vacant space.   Never fear to negotiate.      The retention of a competent attorney for this purpose is the likely key to success in this approach.