In Part I of this series, we discussed how COVID-19 had impacted almost every provision of a commercial lease, including the covenant of quiet enjoyment, continuous use provisions and force majeure clauses, among others....more
9/28/2020
/ Business Interruption ,
Consumer Insurance Products ,
Contract Negotiations ,
Contract Terms ,
Coronavirus/COVID-19 ,
Indemnification Clauses ,
Infectious Diseases ,
Landlords ,
Leases ,
Property Improvements ,
Tenants
Almost six months into the COVID-19 global pandemic, it is apparent that the commercial leasing landscape has changed indefinitely. Going forward, landlords and tenants will need to re-evaluate certain common lease provisions...more
9/24/2020
/ Business Interruption ,
Commercial Leases ,
Commercial Tenants ,
Continuous Use Requirement ,
Contract Modification ,
Contract Terms ,
Coronavirus/COVID-19 ,
Covenant of Quiet Enjoyment ,
Force Majeure Clause ,
Infectious Diseases ,
Landlords ,
Rental Property ,
Retailers
Given the economic impact of COVID-19, both monetary and non-monetary defaults on commercial loans are likely in the next few weeks and months, if not a reality already. Both lenders and borrowers should consider initiating...more
Since the enactment of the CARES Act on March 27, the U.S. Treasury has issued guidance interpreting the Paycheck Protection Program (“PPP”) under the Act. It published an Information Sheet, which provides that the interest...more
4/3/2020
/ Business Interruption ,
CARES Act ,
Coronavirus/COVID-19 ,
Economic Injury Disaster Loans ,
Federal Loans ,
Financial Stimulus ,
Loan Forgiveness ,
Paycheck Protection Program (PPP) ,
Relief Measures ,
SBA ,
SBA Lending Programs ,
Small Business ,
Tax Relief
As the COVID-19 or novel coronavirus pandemic continues, landlords have increasingly received communication from distressed tenants requesting rent relief and, in some circumstances, lease termination....more