Posts in COVID-19.
Shadow of COVID-19 continues to loom over real estate markets, leaving lenders, property owners and landlords in difficult position.
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Applying lessons learned from the 2008 economic crash, mortgagees may want to consider challenging property tax assessments during pandemic crisis to protect the value of their collateral.
Under Michigan law, landlords may be able to recover future damages after a tenant vacates leased premises, even if the lease does not include an acceleration clause.
Tags: Business Risk Management, Commercial Leasing, Commercial Liability, Commercial Real Estate, Coronavirus, COVID-19
Three well-established legal doctrines may impact the enforceability of your contracts during an event like the ongoing coronavirus pandemic.
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Recent Updates
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- Landlords may be able to Recover Future Damages Even After Tenants Vacate Leased Premises
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- Is Coronavirus Pandemic an Excuse not to Pay or Perform a Contract? A Short Primer on Applicable Legal Doctrines