Structuring Office Leases in the Economic Recovery: Increased Work From Home, Office Sharing
Negotiating Amendments, Abatements, Deferrals, Subleases and Assignments
Recording of a 90-minute premium CLE video webinar with Q&A
This CLE webinar will provide practical guidance to leasing attorneys facing requests to renegotiate a commercial lease during this economic recovery and the active work-from-home environment. Counsel for landlords and tenants will be provided solutions that range from contractual-based solutions creating abatements or deferrals, common law solutions that focus on doctrines that offer (or limit) early termination, and contextual solutions that look at the landlord's and tenant's financial situations--both currently and prospectively--and attempts to creatively meet all stakeholders' needs.
- Overview of current economic status and state of commercial leased real estate
- Contract law solutions
- Common law solutions
- Doctrine of impossibility
- The doctrine of impracticality of purpose
- The doctrine of frustration of purpose
- Contextual solutions
The panel will review these and other relevant topics:
- When should a landlord consider a contractual solution for a defaulting tenant? Which contract solutions work best in each economic situation?
- How does common law impact a tenant's ability to terminate early, and what grounds can landlords use to dispute such terminations?
- For developing a tailored solution, what is the global context--unleased space in a complex, access to temporary funding, signs of an economic upswing, etc.-- for developing a tailored solution?
- How to address emergency governmental financial grants or loans
Ronald (Ron) Garfield
Garfield & Hecht
Mr. Garfield has represented landlords and tenants alike in negotiating retail, office and residential leases. He has... | Read More
Mr. Garfield has represented landlords and tenants alike in negotiating retail, office and residential leases. He has authored covenants and declarations for all kinds of developments from duplexes to PUD’s including high-end subdivisions. Mr. Garfield has represented banks and private lenders in their lending activities as well as the restructure of non-performing loans and where needed collection activity including foreclosures and UCC sales. He has represented purchasers and sellers of all manner of real estate including fractional, single family, duplexes, commercial properties, farm and ranch lands and parcels earmarked for development.Close
William X. Lang
Winston & Strawn
Mr. Lang is a member of the firm’s Real Estate Practice. On the leasing side, he represents landlords,... | Read More
Mr. Lang is a member of the firm’s Real Estate Practice. On the leasing side, he represents landlords, tenants, sublandlords, and subtenants in connection to office leases and subleases, as well as retail leases for national retailers. With respect to acquisitions and dispositions, he represents buyers and sellers of commercial properties across all asset classes. On the lending side, he represents lenders and borrowers in connection to complex real estate financings (including both mortgage and mezzanine loans) related to the acquisition, construction or refinancing of commercial properties throughout the U.S. Mr. Lang has also represented various financial institutions in connection with restructurings of distressed assets including workouts, forbearance agreements, notes sales, deed-in-lieu of foreclosure agreements, and litigation related to foreclosures of real property.Close