[RPPTL Leasing Committee] Effect of Deferred Rent in Lease Option Situation [IWOV-Active.FID8106045]

[RPPTL Real Estate Leasing Committee]

If the Landlord has a loan on the property, there could be a restriction in the loan documents which prohibits collecting rent for more than one month in advance.

David  Weisman
Partner
Board Certified Real Estate Lawyer
Greenspoon Marder LLP
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Phone 954-491-1120 Ext. 1015
Direct Phone 954-343-6941

David.Weisman at gmlaw.com<mailto:David.Weisman at gmlaw.com>
www.GMlaw.com<http://www.gmlaw.com/>

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From: landten-bounces at lists.flabarrpptl.org <landten-bounces at lists.flabarrpptl.org> On Behalf Of RPPTL Real Estate Leasing Committee
Sent: Tuesday, January 12, 2021 12:30 PM
To: landten at lists.flabarrpptl.org
Subject: [RPPTL Leasing Committee] Effect of Deferred Rent in Lease Option Situation

Good afternoon all,
A client has a lease-option with a tenant/potential purchaser. Our client would like to offer deferral of one year's rent with the amount of deferred rent to be applied to the purchase price. Apart from the potential usury issue, do you see any potential regulatory/landlord-tenant issues with this particular arrangement?
Thanks
Manny


Manuel Farach
Attorney at Law
[mcglinchey]
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