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COVID-19 and Lease Negotiations: Tenant Security

By Ann E. Ryan and Adrienne B. Koch
November 01, 2021

Next in series of articles that will examine specific aspects of the COVID shift in which commercial lease negotiations are seeking protection against unlikely events. Part 2 focuses on guaranties and security deposits.

Ensuring that a tenant's obligations under a commercial lease are adequately secured has always been an important part of the leasing process. Without proper security, many of the remedies in a lease may not be worth the paper they are written on: if the tenant's coffers are empty, security may be the landlord's only financial recourse.

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