Client Victory – Bill London Negotiates Free Rent for Commercial Tenant
In an environment where a commercial tenant is considered lucky to receive rent deferment from a landlord, KLW LLP Partner Bill London and his commercial tenant client have successfully negotiated for periods of free rent at a first-class, 250,000 square-foot shopping center.
The free rental period applies to any such periods that the shopping center chooses to close, or the tenant is required to close by governmental order, due to a public health crisis.
We believe our client is the only tenant at the shopping center to receive a free rent concession from the landlord.
The law firm of Kimura London & White LLP represents clients in real estate transactions and litigation, including advising clients how best to navigate projects affected by the COVID-19 crisis.