The Importance of Good Guy Guarantees and Security Deposits in a Commercial Lease from a Landlord and Tenant Perspective — 1-Hour FREE NYS CE Credit - Shared screen with speaker view
Please make sure you discuss the impact of the NYC’s council bill from May 13th regarding personal guarantees.
Here’s today’s GGG/SD course outline: http://bit.ly/2WONmHL
Louis Fisher License 10401226928 Signing in. Hi Larry !
Thomas Caliendo License # 10301214653
I can attest to Larry’s GGG kicking your butt as a tenant…
Cyrus Sassouni, license #10401319139
VIctor Torres #10401316134
Michael Rosenfeld lic #10491205659
Lisa Rosenthal - compass
Susan Bennett-Goulet #10401328911
Scott MacWhinnie lic#40MA831738
Howell Silverman 10301207379
Beau King 10401319317
Jacob Rosen 10401291966
Chris Pappas 10301211899
Alexander Karas #40KA1156151
Michael Peguero 10401236609
Hi All - No need to “sign in” with your license # for CE within this chat. You’re all good if you provided during registration. If you want to provide an updated # (different from that provided during registration), please message privately or email me at firstname.lastname@example.org. Thanks!
What if the tenant has a PG
HI Larry. This is Peter Newman’s question from your conversation the other day. A tenant has a lease for 2 remaining years. The tenant created a new entity and assigned the lease t the new entity. The old entity remains in tact and is relocated to a different location. The new entity needs to relinquish its space due to COVID. There is no GGG. Besides losing the security deposit, can the Landlord go after the original entity on the lease (The Assignor) for rent payments?
Should a security deposit burn down take the form of rent credit? Or a check back?if a sublandlord wants a deposit, can it be protected in something like an escrow account?
have you interpreted this eviction banned?Is it only for residential or does it apply to commercial?
Isn't that unless the lease specifically states assigning tenant remains liable, an assignment relieves the assignor from liability?
Can you further elaborate on the City council’s recent legislation that restaurant owners won’t be held personally liable by landlords for closing their business? I’m curious how this is intended to be, and will be practically, interpreted.
Where do you see the future of Tenants implementing a pandemic clause in lease docs going forward? And how should a LL react/respond to it during negotiations?
Thank you Larry..all on point as usual!!
Thanks Larry. Always a good time!
Thank you, Larry
Thanks much, looking forward to next week. To all, stay safe and be well.
Thanks Larry - great class!
Thanks Larry! Informative (and entertaining) as usual