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<p class="MsoNormal"><span style="font-size:18.0pt;color:#1F497D">Thanks David<o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:12.0pt;color:#6063AD">Manuel Farach</span></b><span style="font-size:9.0pt;font-family:"Times New Roman",serif;color:#1F497D"><br>
</span><span style="font-size:9.0pt;color:#30353F">Attorney at Law</span><span style="font-size:12.0pt;font-family:"Times New Roman",serif;color:#1F497D"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:8.0pt;color:#6E6C74">Alabama California Florida Louisiana Massachusetts Mississippi New York Ohio Tennessee Texas Washington, DC</span><span style="font-size:12.0pt;font-family:"Times New Roman",serif;color:#1F497D"><o:p></o:p></span></p>
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<p class="MsoNormal" style="margin-left:.5in"><b>From:</b> David Weisman <David.Weisman@gmlaw.com>
<br>
<b>Sent:</b> Tuesday, January 12, 2021 1:17 PM<br>
<b>To:</b> landten@lists.flabarrpptl.org<br>
<b>Cc:</b> Farach, Manny <mfarach@mcglinchey.com><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" style="margin-left:.5in"><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. <o:p></o:p></span></p>
<p class="MsoNormal" style="margin-left:.5in"><span style="font-size:12.0pt;font-family:"Arial",sans-serif;color:#1F497D"><o:p> </o:p></span></p>
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<p class="MsoNormal" style="margin-left:.5in"><b><span style="font-size:14.0pt;font-family:"Poor Richard",serif;color:#1F497D">David Weisman<o:p></o:p></span></b></p>
<p class="MsoNormal" style="margin-left:.5in"><span style="font-size:12.0pt;font-family:"Arial",sans-serif;color:#1F497D">Partner<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-left:.5in"><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" style="margin-left:.5in"><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" style="margin-left:.5in"><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" style="margin-left:.5in"><span style="font-size:12.0pt;font-family:"Arial",sans-serif;color:#1F497D">Fort Lauderdale, FL 33301
<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-left:.5in"><span style="font-size:12.0pt;font-family:"Arial",sans-serif;color:#1F497D">Phone 954-491-1120
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<p class="MsoNormal" style="margin-left:.5in"><span style="font-size:10.5pt;font-family:"Arial",sans-serif;color:#1F497D"><a href="mailto:David.Weisman@gmlaw.com"><span style="color:blue">David.Weisman@gmlaw.com</span></a><o:p></o:p></span></p>
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<p class="MsoNormal" style="margin-left:1.0in"><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:1.0in"><o:p> </o:p></p>
<p class="MsoNormal" style="margin-left:1.0in"><span style="font-size:18.0pt;color:#1F497D">Good afternoon all,<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-left:1.0in"><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:1.0in"><span style="font-size:18.0pt;color:#1F497D">Thanks<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-left:1.0in"><span style="font-size:18.0pt;color:#1F497D">Manny<o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:12.0pt;color:#6063AD">Manuel Farach</span></b><span style="font-size:9.0pt;font-family:"Times New Roman",serif"><br>
</span><span style="font-size:9.0pt;color:#30353F">Attorney at Law</span><span style="font-size:12.0pt;font-family:"Times New Roman",serif"><o:p></o:p></span></p>
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One E Broward Blvd, Ste 1400, Fort Lauderdale, FL 33301<br>
T (954) 356-2528 F (954) 756-8064</span><span style="font-size:12.0pt;font-family:"Times New Roman",serif"><o:p></o:p></span></p>
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