Commercial Leases in NYC as the COVID Era Continues
Created on October 21, 2021
With hopes dashed for a rapid re-emergence from COVID restrictions, landlords and tenants are adjusting to a new market that has been fundamentally altered in terms of the demand for space, how it will likely be utilized and occupied, and at what price. In some instances, landlords and tenants (and insurance companies) have taken the settlement of arrearages and lease terminations to the courts, with some significant case law emerging as a result.
This program, presented by Bert Rosenblatt of Vicus Partners LLC and David Rubin of Golenbock Eiseman Assor Bell & Peskoe LLP, will benefit attorneys seeking insights into the current commercial real estate market in New York City, and provides updates on key court decisions that may have implications on how leases are structured and enforced in the future.
Review the market for commercial leases in the New York area
Examine valuable updates and analysis of some key court decisions that have affected legal strategies regarding lease terminations and recovery of lost rent
Understand the history of the "Good Guy Guarantee" (common among New York leases but not often seen elsewhere) and its enforceability under current restrictions
Review updates on use of force majeure clauses
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