Our partners David Leffler and David Jacoby of New York recently co-authored an article for New York Law Journal that discusses legal strategies for renegotiating or terminating office leases in light of the pandemic.
Here are a few excerpts from the article:
We live in unprecedented times where industries, business models and interpersonal rules all have shifted dramatically, thrusting a knife into the hearts of many businesses. Those businesses often have leases for office or retail spaces which were a valuable part of their business model in a pre-COVID-19 environment, but now, suddenly, these leases are burdensome and unusable.
We believe that current circumstances present an opportunity for tenants to use new strategies to renegotiate or even terminate leases.
Read their entire article HERE to learn more.
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The foregoing content is for informational purposes only and should not be relied upon as legal advice. Federal, state, and local laws can change rapidly and, therefore, this content may become obsolete or outdated. Please consult with an attorney of your choice to ensure you obtain the most current and accurate counsel about your particular situation.