Recently Laura Sims and I (ok, 99% Laura and 1% me) co-presented a seminar on distressed commercial leases with an in-house counsel at a very, very large life insurance company (and pension advisor). This question came up during the presentation: do you have any tips on e-mail and oral communication with the tenant, as the… Continue Reading
Tag Archives: Rent
Explosive Lease Provisions: The Co-Tenancy Flu Can Kill
Posted in Good Times for Lenders, Market Trends, Tough Times for Lenders, Workout IssuesThe “co-tenancy” clause is a lease provision where Tenant A has the ability to take certain actions (such as reduce rent or even terminate the Lease A) if Tenant B does something, such as ceases operations or even terminates Lease B (Tenants such as Tenant A and Tenant B are called “anchor tenants” or “lead… Continue Reading