<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=us-ascii"><meta name=Generator content="Microsoft Word 15 (filtered medium)"><style><!--
/* Font Definitions */
@font-face
{font-family:"Cambria Math";
panose-1:2 4 5 3 5 4 6 3 2 4;}
@font-face
{font-family:Calibri;
panose-1:2 15 5 2 2 2 4 3 2 4;}
/* Style Definitions */
p.MsoNormal, li.MsoNormal, div.MsoNormal
{margin:0in;
margin-bottom:.0001pt;
font-size:11.0pt;
font-family:"Calibri",sans-serif;}
a:link, span.MsoHyperlink
{mso-style-priority:99;
color:blue;
text-decoration:underline;}
.MsoChpDefault
{mso-style-type:export-only;
font-size:10.0pt;}
@page WordSection1
{size:8.5in 11.0in;
margin:1.0in 1.0in 1.0in 1.0in;}
div.WordSection1
{page:WordSection1;}
--></style><!--[if gte mso 9]><xml>
<o:shapedefaults v:ext="edit" spidmax="1026" />
</xml><![endif]--><!--[if gte mso 9]><xml>
<o:shapelayout v:ext="edit">
<o:idmap v:ext="edit" data="1" />
</o:shapelayout></xml><![endif]--></head><body lang=EN-US link=blue vlink=purple><div class=WordSection1><p class=MsoNormal>Hello Listservers:<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>I was wondering if anyone has assisted their clients in drafting a modification or addendum to the commercial lease agreement to temporarily reduce the monthly rental payments for a small period of time and then require that the balance be paid in full at the end of the temporary reduction window. <o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>Many residential loan servicers are offering similar plans. <o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>If so, can would you be willing to share a template / language for the temporary payment plan with me and possibly the group if anyone else is interest? <o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>Much appreciated and thanks in advance!<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal><o:p> </o:p></p><div><p class=MsoNormal><span style='color:black'>Warmest regards,<br><br></span><b><span style='font-size:12.0pt;color:purple'>Michael S. Safren, Esq.</span></b> <b><br></b><i>Attorney at Law</i> <br><br>14900 Interurban Ave. S., Ste. 280 | Seattle, WA 98168 <br>11900 NE 1st St., Bldg. G - Ste. 300 | Bellevue, WA 98005 <br>P: (206) 859-5098 | E: <a href="mailto:msafren@jennylinglaw.com" target="_blank">msafren@jennylinglaw.com</a> <br><u><a href="http://www.jennylinglaw.com" target="_blank">www.jennylinglaw.com</a></u> | <u><a href="http://www.facebook.com/jennylinglaw/" target="_blank">facebook.com/jennylinglaw/</a></u> <o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal><br><span style='font-size:8.0pt'>This communication, including attachments, may contain information that is confidential and protected by the attorney/client or other privileges. It constitutes non-public information intended to be conveyed only to the designated recipient(s). If the reader or recipient of this communication is not the intended recipient, an employee or agent of the intended recipient who is responsible for delivering it to the intended recipient, or you believe that you have received this communication in error, please notify the sender immediately by return e-mail and promptly delete this e-mail, including attachments without reading or saving them in any manner. The unauthorized use, dissemination, distribution, or reproduction of this e-mail, including attachments, is prohibited and may be unlawful. Receipt by anyone other than the intended recipient(s) is not a waiver of any attorney/client or other privilege.</span> <o:p></o:p></p></div><p class=MsoNormal><o:p> </o:p></p><div><div style='border:none;border-top:solid #E1E1E1 1.0pt;padding:3.0pt 0in 0in 0in'><p class=MsoNormal><b>From:</b> wsbapt-bounces@lists.wsbarppt.com <wsbapt-bounces@lists.wsbarppt.com> <b>On Behalf Of </b>Matt Yates<br><b>Sent:</b> Friday, March 20, 2020 4:22 PM<br><b>To:</b> WSBA Probate & Trust Listserv <wsbapt@lists.wsbarppt.com><br><b>Subject:</b> [WSBAPT] Rent Relief Requests - Response and Strategies<o:p></o:p></p></div></div><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>We have had one commercial property owner client receive a request from a brewery/foodservice tenant for rent relief. Tenant’s letter indicates that it is taking due diligence cost cutting measures to reduce its costs as low as possible but rent is obviously still a significant portion of monthly expenses. Accordingly, since tenant is now effectively closed, it is asking for some rent relief to try to weather this storm. Generally, I am advising my client to take a long term perspective even if that includes some short term shared pain. We are having a call Monday to discuss specifics but one idea we are considering is an extension of the lease term by the equivalent of any months that rent is reduced. Client also suggested trying to make up any current discount on later months which may or may not be a realistic option given a likely economic downturn. Low hanging fruit is simply reducing rent but in these unusual circumstances I’m curious what objective ways there are to share the pain in an effort to get to a productive outcome. <o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>I presume that others have clients that are seeking advice on similar matters. Would anyone care to respond with ideas or strategies? Tenant and Landlord perspectives are welcome.<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal><span style='font-family:"Times New Roman",serif'>Matthew D. Yates<o:p></o:p></span></p><p class=MsoNormal><span style='font-family:"Times New Roman",serif'>Attorney at Law<o:p></o:p></span></p><p class=MsoNormal><span style='font-family:"Times New Roman",serif'>Yates Marshall, PLLC<o:p></o:p></span></p><p class=MsoNormal><span style='font-family:"Times New Roman",serif'>10000 NE 7th Avenue, Suite 200<o:p></o:p></span></p><p class=MsoNormal><span style='font-family:"Times New Roman",serif'>Vancouver, WA 98685<o:p></o:p></span></p><p class=MsoNormal><span style='font-family:"Times New Roman",serif'>Phone: (360) 449-6100<o:p></o:p></span></p><p class=MsoNormal><span style='font-family:"Times New Roman",serif'>Fax: (360) 449-6111<o:p></o:p></span></p><p class=MsoNormal><span style='font-family:"Times New Roman",serif'><a href="mailto:matt@yatesmarshall.com">matt@yatesmarshall.com</a> (<b>New Email Address</b>)<o:p></o:p></span></p><p class=MsoNormal><span style='font-family:"Times New Roman",serif'><a href="http://www.yatesmarshall.com">www.yatesmarshall.com</a><o:p></o:p></span></p><p class=MsoNormal><o:p> </o:p></p></div></body></html>