Matt Duffy and Pat Weller will be panelists in the upcoming Minnesota Real Estate Journal webinar “Current Issues and Trends Affecting the Restaurant Community.” They will be joined by restaurateur Brian Ingram (New Bohemia, Truck Park USA, Hope Breakfast Bar, and others) and Tanya Spaulding, a principal in the architecture firm Shea, known for its . . .
Forced to close their businesses or severely restrict operations as a result of the COVID-19 outbreak, financially distressed tenants of commercial properties are taking a closer look at their leases to find any potential protection for nonpayment of rent. Though lease obligations remain in force, the extraordinary circumstances ushered by the pandemic are prompting tenants . . .
Leases come in all forms. As with any contract, the parties can make the document fit their particular transaction and needs. As a baseline, the parties should first determine which party will be responsible for certain obligations associated with the property. In transactions involving triple net (or “NNN”) leases, it’s helpful to be on the . . .