Ask the Advisor – When should I update my leases?

Description

Abstract: With the day-to-day activity involved in property management, it’s not surprising that commercial landlords often pay little attention to the terms of their long-term leases unless problems arise or renewal is on the horizon. But this article looks at other circumstances that might make it advisable to review and update leases: for example, a change in lenders or the tenant mix, or new developments in certain areas of the law.