The need for lease restructuring arises when a disparity exists between market rents and existing rents or when property values decline. In a poor real estate market, we work with landlords to restructure leases so that they can avoid the danger of facing both costly landlord tenant proceedings and the added stress of marketing their property at the same time.
In order to effectively protect your interests in a lease restructuring you and your attorney need to fully understand your own position and that of your tenant. Further your exposure and the market must be analyzed in a creative, detailed fashion. If handled properly lease restructuring can be a positive solution for all parties involved.