Not since 1987 has there been such an opportunity for commercial and retail tenants to open dialogue with their landlords to restructure their leases to lower rentals and reduce risk and other liabilities. The ideal lease to restructure has approximately 3 years remaining term (with or without options) and was entered into during the period 1993 to 2007. The restructure of a lease requires an extension of the term and can include move to new space with the landlord or new landlord "taking over" the old lease obligations and blending them into the new lease with considerable cash flow, accounting and tax benefits to the tenant. For assistance with or to explore this opportunity, please contact Mr. Wood at
jbwood@akerman.com
or call 212-880-3836.
