Jeff Lerman, co-founding Lerman Law Partners, LLP, has been a commercial real estate attorney for 40 years. Before 2020, he thought he had seen everything that could happen in the sector.
The COVID-19 hit and businesses have closed en masse.
"Landlords literally cannot evict the tenant, and the tenant had no idea that they were about to get their business shut down because of COVID," Lerman says. "There are unique things that are putting both parties in a situation that they have not confronted before. In the past, landlords have negotiated commercial leases when a tenant was having problems, but this is something that came out of left field and had an immediate and very detrimental impact."
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
