When Good Leases Go Bad: Workout Strategies for Landlords and Tenants by Doug Van Gessel and Katharine Allen

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With consumer confidence plunging and companies significantly reducing their workforces, the remainder of 2009 will likely bring a rise in troubled commercial retail and office leases. Office and retail tenants alike will find themselves burdened by leases with either too much space for the tenant's present needs or rental rates which drastically exceed current market rates. Either way, more and more tenants will begin contemplating lease restructuring in the upcoming year.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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