COVID-19 Shutdown: Force Majeure and Rent Relief

By |2021-02-01T09:49:36-05:00April 14th, 2020|Industry News|

The first step in seeking rent deferment (i.e. postponement), or even rental abatement (release from payment obligation), from your landlord is a review of your final, executed office lease.  Specifically, you need to identify whether the lease includes a provision known as a force majeure clause (from the French term “force majeure”, meaning superior force).  [...]

How To Approach Your Landlord To Ask For Rent Relief

By |2021-02-01T09:49:36-05:00April 14th, 2020|Industry News|

GATHER INFORMATION Perform a cash flow analysis and run various scenarios to determine how much rent you can afford over the next 2-4 months. Review your lease and know your expiration date. This is critical in determining concessions that may be available. Check with your financial team regarding loans and options. Monitor new legislation. HAVE [...]

Go to Top