Commercial Lease Restructurings and Workouts
Negotiation Strategies for Landlords and Tenants in Troubled Leases
Recording of a 90-minute CLE webinar/teleconference with Q&A
Conducted on Wednesday, September 22, 2010
Recorded event now available
This CLE webinar will provide guidance for counsel to commercial landlords and tenants on restructuring leases, negotiating lease workouts, and pursuing or defending an eviction and breach of contract action in the current real estate market.
Description
Lease defaults are at a record high and vacancies are mounting, providing significant leverage to tenants in lease negotiations. Tenants seeking to benefit from current market conditions are pressing for restructured lease terms, including reduced rent and other midterm concessions.
Moreover, tenants concerned about their landlords financial stability are insisting upon subordination, non-disturbance and attornment agreements to protect themselves. At the same time, tenants with failing businesses are pursuing lease workouts to avoid eviction.
Counsel for commercial landlords and tenants must carefully negotiate lease restructurings and workouts to protect their clients’ interests in the event the restructuring or workout fails. Counsel must also prepare to pursue or defend potential eviction and breach of contract lawsuits if necessary.
Listen as our panel of real estate attorneys offers strategies for commercial landlords and tenants negotiating troubled leases. The panel will discuss legal considerations and explain best practices for restructuring leases, negotiating lease workouts, and pursuing or defending an eviction and breach of contract action in the current real estate market.
Outline
- Current market trends
- Tenant lease defaults
- Leasing prices and incentives
- Mid-term concessions
- Subordination, non-disturbance and attornment agreements
- Options and strategies for keeping the tenant
- Options and strategies for ending the tenancy
Benefits
The panel will review these and other key questions:
- What impact do current market dynamics have on the negotiation of commercial leases?
- What lease terms should landlords be most concerned about when renegotiating an existing lease with a tenant?
- How can subordination, non-disturbance and attornment agreements protect tenants in the event of foreclosure against a landlord?
- What are some effective strategies for counsel for landlords and tenants when preparing to pursue or defend an eviction action?
Faculty
Richard R. Spore, III,
Member
Bass Berry & Sims, Memphis, Tenn.
He practices in the areas of commercial real estate development, finance and leasing; business planning for business and real estate owners; partnerships and joint ventures; and business divorces. He represents real estate owners and tenants in a variety of commercial lease transactions and complicated lease workouts. He is a frequent writer and speaker on business and commercial law topics.
Gregory G. Gosfield,
Partner
Klehr Harrison, Philadelphia
He is a member of the Real Estate and Finance Department. He has a depth of experience in counseling clients on debt and equity investments across the life cycle of real estate transactions. He lectures regularly to professional and trade associations and frequently publishes articles on the structure and use of critical components of real estate transactions.
Yolanda Rodriguez,
General Counsel
O'Neill Properties Group, King of Prussia, Pa.
She is responsible for restructuring leases of multiple office and retail tenants and maximizing recoveries for O'Neill and its affiliates in connection with lease terminations. She provides legal oversight to all real estate broker relationships for O'Neill. O'Neill is a real estate developer and manager with over $1 billion portfolio of office, retail, residential and land holdings.
Ordering
Online CLE - Audio Recording
Includes audio streaming of full program plus handouts (available 24 hours after live seminar).
CLE:
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(*Indicates that Strafford must report attendance.)
Online CLE Audio $297.00
Available 24 hours after the live event
Recorded Event
Includes full event recording plus handouts (available after live seminar).
CLE: Pre-approved for self-study credit in: AK, AZ, CA, CT, FL, GA, HI, MO, MT, NM, NY, TX, VT, WA, WV. Upon request, self-study credit is also available in: CO, ID, KY, ME, ND, NE, NH, NV, OR, UT, WI, WY. If you are applying for self-study credit in one of these states, contact Strafford CLE at 1-800-926-7926 ext. 35 or CLE@straffordpub.com.
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Available three business days after the live event
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plus $9.45 S&H
Available ten business days after the live event
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Available 24 hours after the live event
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plus $9.45 S&H
Available ten business days after the live event
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Program Materials
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Program Materials
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CLE Credit
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Customer Reviews
I liked everything about the teleconference - knowledgeable speakers, well presented, timely topic. I was very impressed.
James A. Tramonte
Miller Martin
I attend a lot of these lectures and Strafford's presentation addressed important issues I rarely hear about. I really learned something for a change.
Rebekah J. Poston
Squire, Sanders & Dempsey
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Jeff Michelman
Stinson Morrison Hecker
Content was superb.
Patrick Webb
Webb & Carey
I received complicated information in an uncomplicated, concise and understandable manner.
Alice Mercado
Lemons, Grundy & Eisenberg
Real Estate Law Advisory Board
Partner
Ballard Spahr Andrews & Ingersoll
Partner
Stroock & Stroock & Lavan
Partner
Robinson & Cole
Of Counsel
Jenner & Block
Partner
Bryan Cave
Partner
K&L Gates
Counsel
Thompson Hine
Partner
Jones Day
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