Lease Default Provisions Face Scrutiny During COVID-19
November 01, 2020
As rent defaults skyrocket in 2020, practitioners reviewing the default provisions in their clients' commercial leases must ask themselves a crucial question: Does the provision set out a conditional limitation or a condition subsequent?
Landlord & Tenant Law
November 01, 2020
Commercial Tenant Liability Terminated When Landlord Terminated Related Contracts
Overcharge Claim Barred By Statute of Limitations
Cash Flows for Bankruptcies During COVID-19
November 01, 2020
Chapter 11 petition strategy will almost invariably require and depend upon cash flow for continued use of leased stores and restaurants. To say the least, for those companies that filed for bankruptcy on the eve of the COVID-19 shutdowns, the strategies — and available cash flows to pay landlords — did not go as planned.
Valuations Forecasted to Decline in COVID-19's Wake
November 01, 2020
Taking a pulse on the impact of the pandemic on all sectors of global commercial real estate, valuation firm Duff & Phelps, in conjunction with the GRI club, surveyed over 300 directors on the state of affairs.
COVID Shutdown Orders v. Statutory Rent Obligations
October 01, 2020
Even though payment of post-petition rent under a nonresidential lease (prior to rejection) has historically been an absolute requirement, bankruptcy courts, as courts of equity, have the ability during these extraordinary times to take a more flexible approach.
Landlord & Tenant Law
October 01, 2020
MCI for New Carpeting Upheld
Tenant Breach by Making Renovation Without Permit Entitles Landlord to Possession
Issues of Fact Preclude Summary Judgment on Subtenant's Succession Defense
Density and Dimensional Bonuses Allowed for Mixed-Used Properties Under the Philadelphia Zoning Code
October 01, 2020
Part One in a Series
Over the years, the city government has amended the Philadelphia Zoning Code to include incentives to increase the amount of housing units as well as the size of such building structures. Over the course of several articles, we will be discussing the "zoning" bonuses a property owner can take advantage of when developing a property within city limits. This part delves into the Mixed Income Housing Bonus, Green Roof Bonus, and the Fresh Food Market Bonus.