Free Ride Friday — Time for a Leasing Intervention™? (2-Hours of Open Q+A) - Shared screen with speaker view
Dennis Rodman Theory.....Not a likeability Blasio Theory
Larry, are you seeing any retail tenants claiming Frustration of Purpose as a means to get out of their lease?
As a tenants broker, how do we get paid on the gross sales scenario?
Have you seen like clauses creep into commission agreement responses, especially when there is a payout- and if so, how have you handled?
Larry can are these new regulations and laws violate the “sanctity of contract” that has been entered into in good faith by the parties and with good consideration?
Are you seeing banks diverting funds (i.e. rent) from LL’s as tenants risk and default increase? (i.e. Cash trap)?
Who remembers Jack Fader of Olympia & York and his "Rubber Ruller"?
On Long Island Loss Factor is often market driven, small tenants don’t question Landlord’s stated measurement. We’ve all heard how buildings “grow” upon each sale transaction.
and Local Law 97!
Have participated in calls with tenants where landlord's have verbally agreed to work with the tenant with rent relief and properly asking for back up information on sales history - but then immediately have their attorneys send default letters which trigger landlord remedies if not answered. Upon confronting, one landlord responded "don't worry about the letter- its standard and sent out automatically" How would you suggest the tenant respond to this legal letter?
in a modified gross deal, there are increases on the taxes. the LL benefits
Thank you for doing this…it’s so valuable! You are the best!!