We live in unprecedented times where industries, business models and interpersonal rules all have shifted dramatically, thrusting a knife into the hearts of many businesses. Those businesses often have leases for office or retail spaces which were a valuable part of their business model in a pre-COVID-19 environment, but now, suddenly, these leases are burdensome and unusable.
We believe that current circumstances present an opportunity for tenants to use new strategies to renegotiate or even terminate leases.
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