Haynes and Boone, LLP Partners Emilie Cooper and Lawrence Mittman talked with Law360 about various real estate disputes that lawyers will be watching in 2021.
Below is an excerpt:
Among the cases lawyers will be watching in 2021 are a suit Schulte Roth & Zabel LLP has filed against its landlord and suit brought against Jenner & Block by its landlord.
Experts say these closely watched suits point to more granular lease disputes, and law firms may have the upper hand since they are generally a key and stable source of revenue for building owners.
Emilie Cooper, a partner at Haynes and Boone, LLP, said law firm tenants often have an advantage when it comes to negotiating leases and are careful to include language on the question of access that is often favorable to a law firm.
"Needless to say, law firms pay very close attention to their own leases. There's a lot of oversight," said Larry Mittman, a partner at Haynes and Boone. "Having a law firm tenant that occupies a substantial amount of space, in spite of some of the law firms that have crashed and burned, for the most part, they are good tenants. Therefore, having a law firm in a building is a really good anchor."
To read the full article, click here.
In a separate article, Law360 looks at the three areas of New York real estate legislation and regulation to watch in 2021.
Moratoria on evictions and foreclosures at New York commercial and residential buildings are set to expire the end of 2020, and lawyers will be closely watching to see if those get extended. While the moratoria have given commercial and residential landlords and tenants time to try to work through some of their disputes, experts say it's unclear how the beginning of 2021 will play out.
"You can't go to courts right now, which has given people some breathing room to try to get stuff done," said Emilie Cooper, a partner at Haynes and Boone, LLP. "Many of our clients have been successful. Others have not been able to reach agreements."
To read the full article, click here.
Below is an excerpt:
Among the cases lawyers will be watching in 2021 are a suit Schulte Roth & Zabel LLP has filed against its landlord and suit brought against Jenner & Block by its landlord.
Experts say these closely watched suits point to more granular lease disputes, and law firms may have the upper hand since they are generally a key and stable source of revenue for building owners.
Emilie Cooper, a partner at Haynes and Boone, LLP, said law firm tenants often have an advantage when it comes to negotiating leases and are careful to include language on the question of access that is often favorable to a law firm.
"Needless to say, law firms pay very close attention to their own leases. There's a lot of oversight," said Larry Mittman, a partner at Haynes and Boone. "Having a law firm tenant that occupies a substantial amount of space, in spite of some of the law firms that have crashed and burned, for the most part, they are good tenants. Therefore, having a law firm in a building is a really good anchor."
To read the full article, click here.
In a separate article, Law360 looks at the three areas of New York real estate legislation and regulation to watch in 2021.
Moratoria on evictions and foreclosures at New York commercial and residential buildings are set to expire the end of 2020, and lawyers will be closely watching to see if those get extended. While the moratoria have given commercial and residential landlords and tenants time to try to work through some of their disputes, experts say it's unclear how the beginning of 2021 will play out.
"You can't go to courts right now, which has given people some breathing room to try to get stuff done," said Emilie Cooper, a partner at Haynes and Boone, LLP. "Many of our clients have been successful. Others have not been able to reach agreements."
To read the full article, click here.