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<p class="MsoNormal">I don’t know the type of property but most commercial loans have restrictions on waiver of rent. If your client has a relationship with lender, the simple solution is get lender approval.
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<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Times New Roman",serif;color:#1F497D">This email message was sent by:<br>
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<p class="MsoNormal"><b>From:</b> landten-bounces@lists.flabarrpptl.org <landten-bounces@lists.flabarrpptl.org>
<b>On Behalf Of </b>RPPTL Real Estate Leasing Committee<br>
<b>Sent:</b> Tuesday, January 12, 2021 1:17 PM<br>
<b>To:</b> landten@lists.flabarrpptl.org<br>
<b>Subject:</b> Re: [RPPTL Leasing Committee] Effect of Deferred Rent in Lease Option Situation [IWOV-Active.FID8106045]<o:p></o:p></p>
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<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Arial",sans-serif;color:#1F497D">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.
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<p class="MsoNormal"><b><span style="font-size:14.0pt;font-family:"Poor Richard",serif;color:#1F497D">David Weisman<o:p></o:p></span></b></p>
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<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Arial",sans-serif;color:#1F497D">Board Certified Real Estate Lawyer<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Arial",sans-serif;color:#1F497D">Greenspoon Marder LLP<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Arial",sans-serif;color:#1F497D">200 E. Broward Blvd., Suite 1800<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Arial",sans-serif;color:#1F497D">Fort Lauderdale, FL 33301
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<p class="MsoNormal" style="margin-left:.5in"><b>From:</b> <a href="mailto:landten-bounces@lists.flabarrpptl.org">
landten-bounces@lists.flabarrpptl.org</a> <<a href="mailto:landten-bounces@lists.flabarrpptl.org">landten-bounces@lists.flabarrpptl.org</a>>
<b>On Behalf Of </b>RPPTL Real Estate Leasing Committee<br>
<b>Sent:</b> Tuesday, January 12, 2021 12:30 PM<br>
<b>To:</b> <a href="mailto:landten@lists.flabarrpptl.org">landten@lists.flabarrpptl.org</a><br>
<b>Subject:</b> [RPPTL Leasing Committee] Effect of Deferred Rent in Lease Option Situation<o:p></o:p></p>
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<p class="MsoNormal" style="margin-left:.5in"><span style="font-size:18.0pt;color:#1F497D">Good afternoon all,<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-left:.5in"><span style="font-size:18.0pt;color:#1F497D">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?<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-left:.5in"><span style="font-size:18.0pt;color:#1F497D">Thanks<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-left:.5in"><span style="font-size:18.0pt;color:#1F497D">Manny<o:p></o:p></span></p>
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