Thursday 23 July 2020

Commercial real estate lawyers: You’re stuck with that lease

As the coronavirus has shuttered stores, reduced foot traffic to a trickle and dampened consumer demand, growing numbers of retailers are looking towards “impossibility of performance” and the doctrine of “frustration” as a way out of pricey leases. But the real estate industry’s top lawyers say judges won’t buy it. “The courts have said that frustration of purpose is really more nuanced in terms of the circumstances where it would come into play,” said Jonathan



source https://therealdeal.com/2020/07/23/commercial-real-estate-lawyers-youre-stuck-with-that-lease/

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