• Features

    Commercial Lease Requirements During the Pandemic

    Terrence Dunn

    Can a commercial tenant that is required to be closed during the COVID-19 pandemic be relieved of, or does it have a defense to, the obligation to continue to pay rent? The short answer is possibly yes, but the situation is unprecedented and the answer may have to be determined in litigation.

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  • Features

    COVID-19: Should Landlords Apply Security Deposits to Unpaid Rents?

    Ira Fierstein

    There are currently several bills in various stages of being passed into law in several states as of early April, which would restrict, on a temporary basis, the eviction of commercial tenants from their leased premises for failure to pay rent, Whether these bills get signed into law and survive judicial scrutiny remains to be seen. The question then is whether a landlord may enforce the security deposit section of its lease and take the deposit should the tenant miss a rent payment.

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  • Features

    5 Lease and Finance Options To Help Conserve — or Even Create — Capital

    Barry Steel

    Five options available that leasing and financing can help law firms not only to deploy their business continuity requirements in the short term, but also improving liquidity now and better position the firm for their future.

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  • Features

    Personal Guaranty of Commercial Lease Held Discharged in Guarantor’s Bankruptcy

    Andrew C. Kassner and Joseph N. Argentina Jr.

    As we prepare for the anticipated increase in bankruptcy filings caused by the COVID-19 pandemic's impact on the economy, many practitioners are trying to compare this to the savings and loan crisis of the late 1980s. One of the issues that keeps coming up cycle after cycle is whether a personal guaranty of a commercial lease is discharged in the bankruptcy of the individual guarantor. Court decisions have split on this issue for years.

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