How Commercial Landlords, Tenants Can Reach COVID-19 Compromises
Many companies haven't seen their revenues return to pre-pandemic levels and are struggling to pay rent, while commercial landlords rely on payments from tenants to cover debt service and other expenses. Pullman & Comley Real Estate and Workouts and Financial Restructuring attorneys Geoffrey F. Fay and Jonathan A. Kaplan explain how commercial landlords and tenants can reach compromises among the COVID-19 pandemic in this recent article.
Geoff and Jon outline tips for tenants and lessons for landlords that will help both parties be in a better position to reach an agreement that is acceptable to the landlord's lender. Read the full article here.