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In the Spotlight: Commercial Landlord Protections in Difficult Economic Times
In these troubling economic times, commercial landlords find their attention focused on a multitude of issues with which they may not be familiar. The concerns that landlords see today are not new: These concerns regarding tenants were always in the back of the underwriting analysis, buried deep amid an array of charts, graphs and comparable statistics. Today, however, landlords are particularly worried about tenant bankruptcies. True, this has always been a concern for commercial landlords, but previously their focus may have centered on smaller, start-up businesses rather than the large anchor tenants that are currently seen knocking on the bankruptcy court's door.
In addition, landlords are now seeing tenants close up their shops and go dark. What may have been a viable shopping center or office building 18 months ago is now full of dark windows and empty doorways. The new issue for commercial landlords is that there is not a wide selection of potential tenants to replace the departing ones. Funds are much tighter these days, and tenants are not looking to expand to multiple locations or grow to additional floors. Therefore, it becomes more and more difficult for commercial landlords to maintain the ongoing business of their property following a tenant vacancy. This difficulty can have further negative effects when one considers the domino effect of co-tenancy clauses in other leases.
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The Article 8 Opt In
The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.
Beach Boys Songs Written Decades Ago Triggered Current Quarrel With Lawyers
There's current litigation in the ongoing Beach Boys litigation saga. A lawsuit filed in 2019 against Nevada residents Mike Love and his wife Jacquelyne in the U.S. District Court for the District of Nevada that alleges inaccurate payment by the Loves under the retainer agreement and seeks $84.5 million in damages.
Major Differences In UK, U.S. Copyright Laws
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Strategy vs. Tactics: Two Sides of a Difficult Coin
With each successive large-scale cyber attack, it is slowly becoming clear that ransomware attacks are targeting the critical infrastructure of the most powerful country on the planet. Understanding the strategy, and tactics of our opponents, as well as the strategy and the tactics we implement as a response are vital to victory.
When Is a Repair Structural or Nonstructural Under a Commercial Lease?
A common question that commercial landlords and tenants face is which of them is responsible for a repair to the subject premises. These disputes often center on whether the repair is "structural" or "nonstructural."