Archives: Leasing

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Commercial Landlords & Tenants: Amendment Provides Opportunities to Negotiate Deferred Payment Arrangements

Recent legislation has expanded opportunities for commercial landlords and tenants to negotiate deals to defer certain rent payments during the COVID-19 pandemic with less fear of later losing the arrearage payments as preferences if the tenant files for bankruptcy. These changes, enacted in the Consolidated Appropriations Act, 2021 (CAA), provide a safe harbor that can … Continue Reading

Strategies for Commercial Landlords to Manage Tenants in COVID-19 Distress

On Monday, the Seattle City Council passed Resolution 31940 calling on Governor Jay Inslee, federal legislators, and the Trump administration to impose an immediate moratorium on residential and commercial rent and mortgage payments. This resolution brings to boil an issue with which many commercial landlords (particularly of non-essential retail, restaurant, and office space) have grappled … Continue Reading

Poorly Drafted Leases Can Cause Headaches for Tenants and Landlords (Part I of II)

These 10 common problem areas can easily be avoided by paying attention to details. It’s a dangerous world out there. We cannot eliminate all risks. But a well-drafted lease can minimize risk, and a poorly drafted lease can unnecessarily create serious problems for either a landlord or a tenant. Following are instances in which a … Continue Reading

Landlords and Tenants: In the New Economy – Understanding How Your Office Footage is Measured

As the economy slowly improves, a lot of previously vacant office space is now being re-leased at historically low rental rates. This is giving both landlords and tenants the opportunity to modify the manner in which square footage is measured for purposes of determining the rent. In negotiating leases, the parties need to know what … Continue Reading