Commercial Lease Coronavirus Challenges Update-Best Practices Now from Landlord and Tenant Perspective
| Attorney, Lerman Law Partners
| Managing Partner, Lerman Law Partners
| Of Counsel, Lerman Law Partners/Mediator, Diamond Dispute Resolution
Perhaps the most common, the most urgent, and the most expensive problem commercial landlords and tenants are facing as a result of the coronavirus is the lease that binds them. Tenants in most industries are facing unprecedented and unanticipated economic hardship and uncertainty, fighting for the very existence of their business. Landlords, who are facing a wave of unprecedented and unanticipated rent defaults, economic hardship and uncertainty, are still obligated to pay their mortgage and building expenses and are not in a position to become effectively a lender to their delinquent tenants.
The table has been set for inevitable disputes to somehow resolve the parties' respective challenges. If you are a commercial landlord or tenant, this is likely your most urgent challenge right now.
Lerman Law Partners, LLP real estate litigation and transaction attorneys Jeff Lerman, Phil Diamond (who is also a mediator) and Dan Dersham will present the latest updates regarding the impact of COVID-19 on commercial leases and evictions, from both the landlord and tenant perspective.
By the end of this webinar, you will understand:
1. How to identify and deal with the challenges of leasing commercial properties during the crisis.
2. What commercial landlords can do if their tenants stop paying rent.
3. The potential for business interruption insurance coverage for lost rents.
4. The use of mediation and mediation principles in resolving commercial lease disputes.
5. Potential strategies for commercial tenants who are unable to meet their lease obligations due to the current crisis.
6. Updates on California, San Francisco and Marin COVID-19 Emergency Orders and Ordinances impacting commercial leases.
7. What can landlords legally do to evict their tenants...and when?
1.0 CLE | General
Mee Mee Wong | Email