Thanks David 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 From: David Weisman <David.Weisman@gmlaw.com> Sent: Tuesday, January 12, 2021 1:17 PM To: landten@lists.flabarrpptl.org Cc: Farach, Manny <mfarach@mcglinchey.com> Subject: RE: [RPPTL Leasing Committee] Effect of Deferred Rent in Lease Option Situation [IWOV-Active.FID8106045] If the Landlord has a loan on the property, there could be a restriction in the loan documents which prohibits collecting rent for more than one month in advance. David Weisman Partner Board Certified Real Estate Lawyer Greenspoon Marder LLP 200 E. Broward Blvd., Suite 1800 Fort Lauderdale, FL 33301 Phone 954-491-1120 Ext. 1015 Direct Phone 954-343-6941 David.Weisman@gmlaw.com<mailto:David.Weisman@gmlaw.com> www.GMlaw.com<http://www.gmlaw.com/> [gm-horizontal-bw_nolaw2 (2)] From: landten-bounces@lists.flabarrpptl.org<mailto:landten-bounces@lists.flabarrpptl.org> <landten-bounces@lists.flabarrpptl.org<mailto:landten-bounces@lists.flabarrpptl.org>> On Behalf Of RPPTL Real Estate Leasing Committee Sent: Tuesday, January 12, 2021 12:30 PM To: landten@lists.flabarrpptl.org<mailto:landten@lists.flabarrpptl.org> Subject: [RPPTL Leasing Committee] Effect of Deferred Rent in Lease Option Situation 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<mailto:mfarach@mcglinchey.com> One E Broward Blvd, Ste 1400, Fort Lauderdale, FL 33301 T (954) 356-2528 F (954) 756-8064 bio [mcglinchey.com]<https://urldefense.com/v3/__https:/www.mcglinchey.com/people/manuel-farach__;!!K7bXOScpug!x9kF-ZlvsyCtPELGgyLaq38UEqUYFKT9-3SRZt9GVtIsBheqztBVKuFCsyVt-fFJvws$> | vCard [mcglinchey.com]<https://urldefense.com/v3/__https:/www.mcglinchey.com/people/manuel-farach/vcard__;!!K7bXOScpug!x9kF-ZlvsyCtPELGgyLaq38UEqUYFKT9-3SRZt9GVtIsBheqztBVKuFCsyVtfdjjzfs$> | mcglinchey.com [mcglinchey.com]<https://urldefense.com/v3/__https:/www.mcglinchey.com__;!!K7bXOScpug!x9kF-ZlvsyCtPELGgyLaq38UEqUYFKT9-3SRZt9GVtIsBheqztBVKuFCsyVtytMNTkc$> [visit McGlinchey's COVID-19 Resource Center][mcglinchey.com]<https://urldefense.com/v3/__https:/www.mcglinchey.com/firm/covid-19-resource-center/?utm_source=email&utm_medium=signature&utm_campaign=covid19__;!!K7bXOScpug!x9kF-ZlvsyCtPELGgyLaq38UEqUYFKT9-3SRZt9GVtIsBheqztBVKuFCsyVtFFDaS_8$> Alabama California Florida Louisiana Massachusetts Mississippi New York Ohio Tennessee Texas Washington, DC ________________________________ www.mcglinchey.com [mcglinchey.com]<https://urldefense.com/v3/__http:/www.mcglinchey.com__;!!K7bXOScpug!x9kF-ZlvsyCtPELGgyLaq38UEqUYFKT9-3SRZt9GVtIsBheqztBVKuFCsyVth7Pf5jY$> | www.CafaLawBlog.com [cafalawblog.com]<https://urldefense.com/v3/__http:/www.CafaLawBlog.com__;!!K7bXOScpug!x9kF-ZlvsyCtPELGgyLaq38UEqUYFKT9-3SRZt9GVtIsBheqztBVKuFCsyVtTSeBpW8$> McGlinchey Stafford, PLLC in Alabama, Florida, Louisiana, Massachusetts, Mississippi, New York, Ohio, Tennessee, Texas, and Washington DC and McGlinchey Stafford, LLP in California. 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