I am marketing a NY attorney and I ? need an article for his website and will post it on article submission sites.
Below is a brief discription of what the attorney is looking for.
Temporary restructuring of commerical leases and forbearance agreements.? With the downturn of the economy and consumers not spending much money, many retail stores are suffering and are unable to pay their commercial rent.? This is especially true with restaurants.? There is now a trend of landlords and tenant entering into forbearance agreements where the landlord decides to keep the tenants in the premised, the landlords are temporarily not collecting the rent at the current level or the rent arrears for a period of time.? They are also holding off on evicting tenants for periods of time.? Very frequently, this is done in the non housing part of the civil court as part of the settlement of the non payment proceeding.