Feature
December 17, 2020
Although premises liability and the risk of negligence litigation are perennial concerns for commercial property owners, COVID-19 infuses these issues with a new immediacy. The nightmare scenario: Tenants and/or their employees, customers, vendors, or other invitees who get COVID will claim they...
In the News
December 17, 2020
As it has with most every other aspect of leasing, the COVID-19 crisis has played havoc with landlords’ efforts to collect unpaid rent from tenants’ guarantors. And now as a second and more deadly surge of cases threatens further government shutdowns, landlords need to be aware of the...
Brokers’ Buzz
December 17, 2020
SITUATION
A shopping center tenant hires a broker to find somebody to sublease 5,100 square feet of the space it’s leasing. The listing agreement names the broker as the tenant’s exclusive agent and provides for a 6 percent commission in the event:
The space is “subleased...
Owner Loses
December 17, 2020
What Happened: New York City has a law that bans commercial landlords from engaging in “harassment” to force tenants to vacate or waive lease rights via illegal threat of force or threats based on race, creed, color, age, etc. At the height of the first wave of the pandemic, the city...
Owner Loses
December 17, 2020
What Happened: A landlord who had just bought the property and was eager to lease it for a higher rent approached the current gas station tenant about a potential buyout. The negotiations proved unsuccessful. Less than three months later, the landlord tried to evict the tenant for unpaid rent and...
