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Effect of Deferred Rent in Lease Option Situation

RR
RPPTL Real Estate Leasing Committee
Tue, Jan 12, 2021 5:30 PM

Good afternoon all,
A client has a lease-option with a tenant/potential purchaser. Our client would like to offer deferral of one year's rent with the amount of deferred rent to be applied to the purchase price. Apart from the potential usury issue, do you see any potential regulatory/landlord-tenant issues with this particular arrangement?
Thanks
Manny

Manuel Farach
Attorney at Law

[mcglinchey]

mfarach@mcglinchey.com
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Good afternoon all, A client has a lease-option with a tenant/potential purchaser. Our client would like to offer deferral of one year's rent with the amount of deferred rent to be applied to the purchase price. Apart from the potential usury issue, do you see any potential regulatory/landlord-tenant issues with this particular arrangement? Thanks Manny Manuel Farach Attorney at Law [mcglinchey] mfarach@mcglinchey.com One E Broward Blvd, Ste 1400, Fort Lauderdale, FL 33301 T (954) 356-2528 F (954) 756-8064 bio<https://www.mcglinchey.com/people/manuel-farach> | vCard<https://www.mcglinchey.com/people/manuel-farach/vcard> | mcglinchey.com<https://www.mcglinchey.com> [visit McGlinchey's COVID-19 Resource Center]<https://www.mcglinchey.com/firm/covid-19-resource-center/?utm_source=email&utm_medium=signature&utm_campaign=covid19> Alabama California Florida Louisiana Massachusetts Mississippi New York Ohio Tennessee Texas Washington, DC ________________________________ www.mcglinchey.com | www.CafaLawBlog.com McGlinchey Stafford, PLLC in Alabama, Florida, Louisiana, Massachusetts, Mississippi, New York, Ohio, Tennessee, Texas, and Washington DC and McGlinchey Stafford, LLP in California. Confidentiality Statement: This email may contain attorney-client privileged or confidential information. It is for the sole use of the intended recipient(s). If you have received this transmission in error, immediately notify us by telephone at 504-586-1200 and return the original message to us at McGlinchey Stafford, 12th Floor, 601 Poydras Street, New Orleans, LA, 70130 via the United States Postal Service. We take steps to remove metadata in attachments sent by email, and any remaining metadata should be presumed inadvertent and should not be viewed or used without our express permission. If you receive an attachment containing metadata, please notify the sender immediately and a replacement will be provided. See McGlinchey Stafford Disclaimer/Privacy Policy https://www.mcglinchey.com/disclaimer/