Article

New space, good deals?

Provided by:  Jennifer Kirschenbaum, Esq.
December 10, 2020

Question:

Hi Jennifer,

Are you seeing better deals now being offered by Landlords? I am starting to look for new space.  I will be sending over the lease when I get it.  


Thank you, 
Dr. L

Answer

Landlords, in general, are wired to weather hard times, understanding their tenant relationship is long term, which is why I have not seen notable flexibility in many terms, provided, rents seem to have slid a bit depending on geography.  Where I am also seeing some slim movement is on obligations during a shutdown - which in some instances can be negotiated, as can potential default timelines in the lease.
 
It is important to request key terms early in the process.  If a letter of intent is being negotiated prior to a complete lease presented, be sure to send the terms over.  If we wait to negotiate key terms, we will lose leverage.  

 


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Have a question or comment for Jennifer?
Contact Jennifer at Jennifer@Kirschenbaumesq.com or  at (516) 747-6700 x. 302.
Interested in having Jennifer speak at an event or
at a residency/fellowship program?
Contact Jennifer directly at (516) 747-6700 x. 302 or at Jennifer@Kirschenbaumesq.com
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New space, good deals?-December 10, 2020-Jennifer Kirschenbaum

Article

New space, good deals?

Provided by:  Jennifer Kirschenbaum, Esq.
December 10, 2020

Question:

Hi Jennifer,

Are you seeing better deals now being offered by Landlords? I am starting to look for new space.  I will be sending over the lease when I get it.  


Thank you, 
Dr. L

Answer

Landlords, in general, are wired to weather hard times, understanding their tenant relationship is long term, which is why I have not seen notable flexibility in many terms, provided, rents seem to have slid a bit depending on geography.  Where I am also seeing some slim movement is on obligations during a shutdown - which in some instances can be negotiated, as can potential default timelines in the lease.
 
It is important to request key terms early in the process.  If a letter of intent is being negotiated prior to a complete lease presented, be sure to send the terms over.  If we wait to negotiate key terms, we will lose leverage.  

 


Looking for the KK Healthcare Exchange?  Click Here. 

MISSED OUR RECENT WEBINARS?  CLICK HERE ANYTIME!
Looking for HIPAA and compliance forms?  
Click here to visit our website.
Have a question or comment for Jennifer?
Contact Jennifer at Jennifer@Kirschenbaumesq.com or  at (516) 747-6700 x. 302.
Interested in having Jennifer speak at an event or
at a residency/fellowship program?
Contact Jennifer directly at (516) 747-6700 x. 302 or at Jennifer@Kirschenbaumesq.com
Click here to learn about
K&K's Prepaid Legal Audit/Investigation Defense Now!