Tag Archives: commercial leasing

Client Alert for Commercial Landlords: “Control The Space” and Pre-Bankruptcy Contractual Termination of Lease

When the economy weakens, as with the unprecedented effects of the current COVID-19 pandemic, certain office and retail tenants will be unable to satisfy their lease obligations, vacate or file bankruptcy. Landlords should anticipate the consequences of these developments and some may choose to be proactive rather than reactive, and one way is to consider sending notices of default and ... Read More

Client Alert: The Impact of COVID-19 on Commercial Leases – Force Majeure and Curtailed Court Operations

The COVID-19 pandemic has impacted the ability of many businesses to satisfy payment and other obligations under leases and other contracts.  As tenant income has precipitously dropped over the past few weeks, often as a result of government mandated closures or restrictions on operations, landlords and tenants are taking a hard look at “force majeure” provisions in leases.  First and ... Read More

Commercial Tenant’s Lease – Estoppel and Attornment Considerations

A standard provision of commercial lease agreements is an agreement by the Tenant to execute estoppel certificates, and to attorn to a lender. An estoppel certificate is a statement from the tenant to either a lender or a prospective purchaser that clarifies: what property is leased (often includes square footage) the length term of the lease that the lease has or ... Read More