Tuesday 3 November 2020

Free rent not entirely free, Knotel’s landlord alleges in lawsuit

A Soho office landlord is suing Knotel over nearly $900,000 in unpaid rent, including six months of free rent that was part of its initial lease agreement. Northwind Group, a Manhattan real estate private equity firm, wrote in a lawsuit filed in New York State Supreme Court that the flex-office company stopped paying rent on its office space at 40 Wooster Street in March. The landlord withdrew Knotel’s $206,250 security deposit in May, but Northwind



source https://therealdeal.com/2020/11/03/free-rent-not-entirely-free-knotels-landlord-alleges-in-lawsuit/

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