During commercial leasing negotiations, landlords and tenants will often extensively negotiate the terms of a cap on the controllable operating expenses under a lease. Often, however, the issue of whether the cap will be...more
In Part I of this series, we discussed how COVID-19 had impacted almost every provision of a commercial lease, including the covenant of quiet enjoyment, continuous use provisions and force majeure clauses, among others....more
9/28/2020
/ Business Interruption ,
Consumer Insurance Products ,
Contract Negotiations ,
Contract Terms ,
Coronavirus/COVID-19 ,
Indemnification Clauses ,
Infectious Diseases ,
Landlords ,
Leases ,
Property Improvements ,
Tenants
Almost six months into the COVID-19 global pandemic, it is apparent that the commercial leasing landscape has changed indefinitely. Going forward, landlords and tenants will need to re-evaluate certain common lease provisions...more
9/24/2020
/ Business Interruption ,
Commercial Leases ,
Commercial Tenants ,
Continuous Use Requirement ,
Contract Modification ,
Contract Terms ,
Coronavirus/COVID-19 ,
Covenant of Quiet Enjoyment ,
Force Majeure Clause ,
Infectious Diseases ,
Landlords ,
Rental Property ,
Retailers
As the COVID-19 or novel coronavirus pandemic continues, landlords have increasingly received communication from distressed tenants requesting rent relief and, in some circumstances, lease termination. With government...more
As the COVID-19 or novel coronavirus pandemic continues, landlords have increasingly received communication from distressed tenants requesting rent relief and, in some circumstances, lease termination....more