Self-help remedies in commercial leases are important because they provide parties with legal alternatives to address breaches of lease agreements by the non-performing party without resorting to lengthy and costly court...more
The COVID-19 crisis has significantly impacted the ability of parties to satisfy their respective obligations under their commercial leases. As mentioned in Part 1 of this series, many parties are discovering that the...more
In the current COVID-19 crisis, attorneys are receiving numerous questions from landlords and tenants, as to their respective contractual obligations under their commercial leases. Tenants are carefully analyzing the...more
Many commercial real estate loans are “non-recourse,” which means in general terms that foreclosing on the real estate securing the loan is the lender’s sole remedy for a borrower’s failure to repay the loan. The lender is...more
11/12/2019
/ Best Practices ,
Borrowers ,
Commercial Loans ,
Commercial Real Estate Contracts ,
Contract Terms ,
Default ,
Foreclosure ,
Guarantors ,
Indemnity Agreements ,
Independent Counsel ,
Lenders ,
Non-Recourse Loans ,
Remedies ,
Representations and Warranties