[WSBARP] Retail Tenants and Commercial Frustration

[Kary Krismer]

On 4/23/2020 1:00 PM, nestor at pplsweb.com wrote:

> This will probably managed with built-in forbearance clauses for 
> either reduced rent during the shutdown, spreading out the payments 
> over a specified term and or extending the lease.
>
> Nestor Gorfinkel, Attorney at Law
>
> Licensed in Washington & Florida
>
> Florida Civil-Law (International) Notary
>
>
Outside my past or current areas, but how common are leases with a base 
rent plus a percentage of sales revenue?   I can see those would raise 
other issues, but it would be a way to share the risk in these 
situations without having one side being the sole winner and the other 
the sole loser.  I guess though you could just have a government 
shutdown clause that would provide for a reduced rental amount during 
such shutdowns.

Kary L. Krismer

206 723-2148

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