Dealing With Commercial Leases After Taking Title: Tips On E-Mail and Oral Communication
Recently Laura Sims and I (ok, 99% Laura and 1% me) co-presented a seminar on distressed commercial leases with an in-house counsel at a very, very large life insurance company (and pension advisor). This question came up during the presentation:
- do you have any tips on e-mail and oral communication with the tenant, as the lender (now owner) discusses with the tenant the request for rent and other lease concessions?
My answer was, well, as you deal with distressed leases, use the same approach taken when you dealt with the borrower before you acquired title to the property.
In other words, there is no reason to abandon careful communication once you take off your special asset or workout hat and replace it with the landlord\owner hat (or the REO hat).
To find our entries on e-mail and oral communication, use the "search" function and the search term "oral communication."
If after reading those suggestions, you have suggestions, comments or questions, please add a comment below.
