ULI San Diego and Tijuana - Lease Workouts and Lease Default Remedies

On June 11, 2009, Matt Marino of Allen Matkins presented a brief discussion panel on lease workouts and related issues involving bankruptcy and lease default remedies in California. 

As a consequence of the current economic conditions, many tenants are in financially precarious positions, and are seeking to lower their overall occupancy costs by restructuring their existing leases. Consequently, these types of deals are being made with increasing frequency. Because many leasing representatives, property and asset managers and other real estate professionals have not previously been through a down cycle of this magnitude,  this 45 minute program is targeted toward this group. The program gives legal as well as practical advice on how to successfully negotiate the re-structuring of a lease. Specifically, they will address various types of lease workouts and related pitfalls from the perspective of a landlord, tenant and lender.