<html xmlns:v="urn:schemas-microsoft-com:vml" xmlns:o="urn:schemas-microsoft-com:office:office" xmlns:w="urn:schemas-microsoft-com:office:word" xmlns:m="http://schemas.microsoft.com/office/2004/12/omml" xmlns="http://www.w3.org/TR/REC-html40"><head><meta http-equiv=Content-Type content="text/html; charset=windows-1256"><meta name=Generator content="Microsoft Word 15 (filtered medium)"><style><!--
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</o:shapelayout></xml><![endif]--></head><body lang=EN-US link=blue vlink=purple style='word-wrap:break-word'><div class=WordSection1><p class=MsoNormal><span style='font-size:11.0pt'>Thanx, Ben.<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;mso-ligatures:none'>Les H. Stevens, Esquire<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;mso-ligatures:none'>Les H. Stevens, P.A.<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;mso-ligatures:none'>5301 North Federal Highway<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;mso-ligatures:none'>Suite 130<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;mso-ligatures:none'>Boca Raton, Florida 33487<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;mso-ligatures:none'>Tel: 561-989-9797<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;mso-ligatures:none'>Fax: 561-989-8484<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;mso-ligatures:none'>E-Mail: <a href="mailto:lesstevens@earthlink.net"><span style='color:blue'>lesstevens@earthlink.net</span></a><o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;mso-ligatures:none'>_____________________________________________________________________________ <o:p></o:p></span></p><p class=MsoNormal><b><span style='font-size:11.0pt;color:#C0504D;mso-ligatures:none'>OUR OFFICE NO LONGER ACCEPTS CASHIERS CHECKS AT CLOSING. ALL FUNDS MUST BE RECEIVED IN THE FORM OF A SAME DATE WIRE TRANSFER ONLY (NO ACH TRANSFERS).<o:p></o:p></span></b></p><p class=MsoNormal><b><span style='font-size:11.0pt;color:#C0504D;mso-ligatures:none'><o:p> </o:p></span></b></p><p class=MsoNormal><b><span style='font-size:14.0pt;color:#C0504D;mso-ligatures:none'>WE DO NOT ACCEPT OR REQUEST CHANGES TO WIRING INSTRUCTIONS VIA EMAIL OR FAX. <i>Always call to verify</i><o:p></o:p></span></b></p><p class=MsoNormal><span style='font-size:11.0pt;mso-ligatures:none'><o:p> </o:p></span></p><p class=MsoNormal><span style='mso-ligatures:none'>THIS MESSAGE IS INTENDED ONLY FOR THE USE OF THE INDIVIDUAL OR ENTITY TO WHOM IT IS ADDRESSED, AND MAY CONTAIN INFORMATION THAT IS PRIVILEGED, CONFIDENTIAL AND/OR OTHERWISE EXEMPT FROM DISCLOSURE. IF YOU HAVE RECEIVED THIS TRANSMITTAL IN ERROR, PLEASE DELETE IT AND NOTIFY THIS OFFICE IMMEDIATELY.<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt'><o:p> </o:p></span></p><div><div style='border:none;border-top:solid #E1E1E1 1.0pt;padding:3.0pt 0in 0in 0in'><p class=MsoNormal><b><span style='font-size:11.0pt;mso-ligatures:none'>From:</span></b><span style='font-size:11.0pt;mso-ligatures:none'> landten-bounces@lists.flabarrpptl.org <landten-bounces@lists.flabarrpptl.org> <b>On Behalf Of </b>RPPTL Real Estate Leasing Committee<br><b>Sent:</b> Monday, September 18, 2023 1:09 PM<br><b>To:</b> landten@lists.flabarrpptl.org<br><b>Subject:</b> Re: [RPPTL Leasing Committee] Self-Insurance for Windstorm<o:p></o:p></span></p></div></div><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal><span style='font-size:11.0pt;color:#1F497D'>Good afternoon Lee. My company ran into that situation with a few very large, well-financed retailer in a ground lease. Our leases were with the corporate parent companies, not SPE affiliates. The compromise for casualty insurance coverage was that the tenant had to maintain an agreed upon value of liquid cash assets and an overall minimum net worth, as verified in its certified quarterly financial reports. In another scenario, we had a well-financed tenant agree to the letter of credit scenario you mentioned below.<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;color:#1F497D'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;color:#1F497D'>Take care,<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;color:#1F497D'>Ben Wilson<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;color:#1F497D'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;color:#1F497D;mso-ligatures:none'>Benjamin E. Wilson, Esq.<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;color:#1F497D;mso-ligatures:none'>Associate Corporate Counsel<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;color:#1F497D;mso-ligatures:none'>The Viera Company<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;color:#1F497D;mso-ligatures:none'>7380 Murrell Road, Suite 201<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;color:#1F497D;mso-ligatures:none'>Viera, FL 32940<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;color:#1F497D;mso-ligatures:none'>(321) 242-1200, Ext. 4501<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;color:#1F497D;mso-ligatures:none'>Email: </span><a href="mailto:benjamin.wilson@viera.com"><span style='font-size:11.0pt;color:#0563C1;mso-ligatures:none'>benjamin.wilson@viera.com</span></a><span style='font-size:11.0pt;color:#1F497D;mso-ligatures:none'><o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;color:#1F497D'><o:p> </o:p></span></p><p class=MsoNormal><b><span style='font-size:11.0pt;mso-ligatures:none'>From:</span></b><span style='font-size:11.0pt;mso-ligatures:none'> <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> Monday, September 18, 2023 9:46 AM<br><b>To:</b> <a href="mailto:landten@lists.flabarrpptl.org">landten@lists.flabarrpptl.org</a><br><b>Subject:</b> [RPPTL Leasing Committee] Self-Insurance for Windstorm<o:p></o:p></span></p><p class=MsoNormal><o:p> </o:p></p><div><p class=MsoNormal style='mso-line-height-alt:.75pt'><span style='font-size:1.0pt;color:white'>Need some creative input. Have a commercial Landlord whose leases require windstorm insurance. Tenant (multiple locations with Landlord) is trying to self-insure for windstorm due to the high premiums; however, the Leases do not provide the <o:p></o:p></span></p></div><div><p class=MsoNormal style='mso-line-height-alt:.75pt'><span style='font-size:1.0pt;color:white'>ZjQcmQRYFpfptBannerStart<o:p></o:p></span></p></div><table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="100%" style='width:100.0%;border-radius:4px'><tr><td style='padding:12.0pt 0in 12.0pt 0in'><table class=MsoNormalTable border=1 cellspacing=0 cellpadding=0 width="100%" style='width:100.0%;background:#D2B4DE;border:none;border-top:solid #CE7CE9 3.0pt'><tr><td valign=top style='border:none;padding:0in 7.5pt 3.75pt 4.5pt'><table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 align=left><tr><td style='padding:3.0pt 6.0pt 3.0pt 6.0pt'><p class=MsoNormal><b><span style='font-size:10.5pt;font-family:"Arial",sans-serif;color:black'>External Email! <o:p></o:p></span></b></p></td></tr><tr><td style='padding:3.0pt 6.0pt 3.0pt 6.0pt'><p class=MsoNormal><span style='font-size:9.0pt;font-family:"Arial",sans-serif;color:black'>Use caution when following links as they could open malicious web sites or include attachment files that can contain a virus. <o:p></o:p></span></p></td></tr></table><table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 align=right><tr><td style='padding:3.0pt 0in 3.0pt 0in'><p class=MsoNormal> <a href="https://us-phishalarm-ewt.proofpoint.com/EWT/v1/M63O6Ea0gqfc!oAT4dkfoxTEpSNoa-jhzsXuRvcDoiXxdT1RT8L4jxK_S2_Gomkj-ZFnOGjeiz2sbJ5BRyAqUKEPiTC1KcGuNyZQ1pkVDKHXkx1I8_-Z5g5__RVNagsQLqJU$" target="_blank"><strong><span style='font-size:10.5pt;font-family:"Arial",sans-serif;color:black;border:solid #666666 1.0pt;padding:6.0pt;font-weight:normal;text-decoration:none'> Report Suspicious </span></strong></a> <span style='font-size:12.0pt;font-family:"Times New Roman",serif'><o:p></o:p></span></p></td></tr></table></td></tr></table></td></tr></table><div><p class=MsoNormal style='mso-line-height-alt:.75pt'><span style='font-size:1.0pt;color:white'>ZjQcmQRYFpfptBannerEnd</span><span style='font-size:1.0pt;font-family:"Times New Roman",serif;color:white'><o:p></o:p></span></p></div><p class=MsoNormal><span style='font-size:11.0pt'>Need some creative input.<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt'>Have a commercial Landlord whose leases require windstorm insurance.<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt'>Tenant (multiple locations with Landlord) is trying to self-insure for windstorm due to the high premiums; however, the Leases do not provide the Tenant the right to self-insure. The Leases state that if Tenant fails to obtain insurance, Landlord has the right to place the insurance and charge back Tenant, or declare a default.<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt'>The Landlord and Tenant have had a long relationship and wanted to get creative in alternative ways to meeting the insurance requirement (i.e. Standby Letter of Credit); however, I wanted to know if anyone else is running into this issue and what ways they see of solving.<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt'>As a side fact, the Guarantor of the Lease is financially significant (if that provides an alternative). Each of the LLC Tenants are separate and distinct entities under the umbrella of the Guarantor.<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt'>Thanx for any input.<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;mso-ligatures:none'>Les H. Stevens, Esquire<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;mso-ligatures:none'>Les H. Stevens, P.A.<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;mso-ligatures:none'>5301 North Federal Highway<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;mso-ligatures:none'>Suite 130<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;mso-ligatures:none'>Boca Raton, Florida 33487<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;mso-ligatures:none'>Tel: 561-989-9797<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;mso-ligatures:none'>Fax: 561-989-8484<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;mso-ligatures:none'>E-Mail: </span><a href="mailto:lesstevens@earthlink.net"><span style='font-size:11.0pt;mso-ligatures:none'>lesstevens@earthlink.net</span></a><span style='font-size:11.0pt;mso-ligatures:none'><o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;mso-ligatures:none'>_____________________________________________________________________________ <o:p></o:p></span></p><p class=MsoNormal><b><span style='font-size:11.0pt;color:#C0504D;mso-ligatures:none'>OUR OFFICE NO LONGER ACCEPTS CASHIERS CHECKS AT CLOSING. ALL FUNDS MUST BE RECEIVED IN THE FORM OF A SAME DATE WIRE TRANSFER ONLY (NO ACH TRANSFERS).<o:p></o:p></span></b></p><p class=MsoNormal><b><span style='font-size:11.0pt;color:#C0504D;mso-ligatures:none'><o:p> </o:p></span></b></p><p class=MsoNormal><b><span style='font-size:14.0pt;color:#C0504D;mso-ligatures:none'>WE DO NOT ACCEPT OR REQUEST CHANGES TO WIRING INSTRUCTIONS VIA EMAIL OR FAX. <i>Always call to verify</i><o:p></o:p></span></b></p><p class=MsoNormal><span style='font-size:11.0pt;mso-ligatures:none'><o:p> </o:p></span></p><p class=MsoNormal><span style='mso-ligatures:none'>THIS MESSAGE IS INTENDED ONLY FOR THE USE OF THE INDIVIDUAL OR ENTITY TO WHOM IT IS ADDRESSED, AND MAY CONTAIN INFORMATION THAT IS PRIVILEGED, CONFIDENTIAL AND/OR OTHERWISE EXEMPT FROM DISCLOSURE. IF YOU HAVE RECEIVED THIS TRANSMITTAL IN ERROR, PLEASE DELETE IT AND NOTIFY THIS OFFICE IMMEDIATELY.<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt'><o:p> </o:p></span></p></div></body></html>