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In the Spotlight: Leasehold Financing; It's Good to Have Options
Let's face it ' we all like instant gratification. However, as current market conditions force us to sober up from years of economic over-indulgence, there is a need to discard those practices that may previously have seemed perfectly reasonable. It is now clear that these practices were not in fact properly thought-out or sufficiently disciplined to provide for true long-term stability or future success. This article discusses one particular concept in commercial leasing, which, if properly addressed and negotiated up front, is likely to benefit both the landlord and the tenant by providing greater security and increased credit possibilities in the years to come ' namely, leasehold financing.
Leashold Financing and What It Is
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On Aug. 9, 2023, Gov. Kathy Hochul introduced New York's inaugural comprehensive cybersecurity strategy. In sum, the plan aims to update government networks, bolster county-level digital defenses, and regulate critical infrastructure.
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