Navigating Commercial Lease Letters of Credit When Banks Fail
Lost to most headline readers in the immediate shuffle is the somewhat contained issue of letters of credit as security for commercial leases. Commercial landlords and tenants and their advisors, however, sure didn’t miss it.
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A Landlord Win: COVID-era Guarantor Protection Struck Down
A recent decision by a Federal District Court has declared the Guaranty Law unconstitutional, enabling such landlords to seek to recover under those guaranties for the period of time affected by the law.
Commercial Buildings to Go Green...Who's Paying?
Material new regulation with looming penalties surrounding Local Law 97 less than a year before implementation is a major concern for commercial owners and has resulted in new language and protections in many commercial leases.
Proposed Changes to RPAPL §881 Could Have a Significant Impact on New York’s Construction Industry
In early 2022, the New York State Legislature proposed a new law amending Section 881 of the RPAPL. The new law (Senate Bill S8430A ), which proposes some significant changes to the current landscape, has been approved in the Senate with a 62-1 vote.
Legalized & Leasing – The Dilemma facing NYC Landlords and Unlicensed Marijuana Dispensaries
While lawmakers and policing authorities deal with the growing number of illegal dispensaries, many NYC commercial landlords find themselves dealing with a growing number of lease offers from smoke shops and potential cannabis dispensaries.
One Man's Trash Is Another Man's ... House?!
Would you live in a house made of recycled plastic water bottles? A Los-Angeles based tech start up is trying to make that a reality by using three-dimensional (“3D”) printing technology.
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