Leasing in NYC in the Time of COVID: A Review of Emerging Negotiation Trends
Created on October 08, 2020
As the commercial real estate market moves into the eighth month of the COVID environment, many landlords and tenants are in the midst of intense negotiation of the financial obligations imposed by their leases. Tenants are seeking financial relief in the form of rebates and lower rent and landlords are hard-pressed to hold tenants to their lease obligations.
This program, taught by Bert Rosenblatt, a Principal at Vicus Partners LLC, and David Rubin, Partner and head of the Real Estate group at Golenbock Eiseman Assor Bell & Peskoe LLP, will examine some of the main issues involved with such negotiations and highlight the emerging trends that shape the process along the way.
- Examine potential pitfalls concerning landlord application of security deposits
- Review the "good-guy guaranty" – a powerful tool but one that is fraught with risks
- Survey noteworthy court decisions involving lease obligations during bankruptcy proceedings
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