August 2, 2011

Harold S. Dembo, a Principal in the firm's Real Estate Law group, authored an article for National Real Estate Investor titled "Don't Overlook the Role of the Mortgagee When Negotiating Commercial Leases."

Excerpt:

Office leasing in 2011 is on the rise, but it remains a tenant's market. Landlords are granting reduced rent and large concession packages to keep existing tenants and attract new ones. 

However, it is important to realize that there is a third party to consider in most commercial leases: the landlord's mortgage holder. In a year when thousands of properties are falling into distress and potential foreclosure, understanding the mortgagee's role is critical to both landlord and tenant.

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This article contains material of general interest and should not be construed as legal advice or a legal opinion on any specific facts or circumstances. Under applicable rules of professional conduct, this content may be regarded as attorney advertising.