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Re: [RPPTL Leasing Committee] Effect of Deferred Rent in Lease Option Situation [IWOV-Active.FID8106045]

RR
RPPTL Real Estate Leasing Committee
Tue, Jan 12, 2021 6:17 PM

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.commailto:David.Weisman@gmlaw.com
www.GMlaw.comhttp://www.gmlaw.com/

[gm-horizontal-bw_nolaw2 (2)]

From: landten-bounces@lists.flabarrpptl.org 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
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.commailto: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.

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/ [mcglinchey.com]https://urldefense.com/v3/__https:/www.mcglinchey.com/disclaimer/__;!!K7bXOScpug!x9kF-ZlvsyCtPELGgyLaq38UEqUYFKT9-3SRZt9GVtIsBheqztBVKuFCsyVtV6IyQhc$

GREENSPOON MARDER LLP LEGAL NOTICE
The information contained in this transmission may be attorney/client privileged and confidential. It is intended only for the use of the individual or entity named above. If the reader of this message is not the intended recipient, you are hereby notified that any dissemination, distribution or copying of this communication is strictly prohibited. If you have received this communication in error, please notify us immediately by reply e-mail.

Unless specifically indicated otherwise, any discussion of tax issues contained in this e-mail, including any attachments, is not, and is not intended to be, "written advice" as defined in Section 10.37 of Treasury Department Circular 230.

A portion of our practice involves the collection of debt and any information you provide will be used for that purpose if we are attempting to collect a debt from you.

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 <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 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. 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/ [mcglinchey.com]<https://urldefense.com/v3/__https:/www.mcglinchey.com/disclaimer/__;!!K7bXOScpug!x9kF-ZlvsyCtPELGgyLaq38UEqUYFKT9-3SRZt9GVtIsBheqztBVKuFCsyVtV6IyQhc$> GREENSPOON MARDER LLP LEGAL NOTICE The information contained in this transmission may be attorney/client privileged and confidential. It is intended only for the use of the individual or entity named above. If the reader of this message is not the intended recipient, you are hereby notified that any dissemination, distribution or copying of this communication is strictly prohibited. If you have received this communication in error, please notify us immediately by reply e-mail. Unless specifically indicated otherwise, any discussion of tax issues contained in this e-mail, including any attachments, is not, and is not intended to be, "written advice" as defined in Section 10.37 of Treasury Department Circular 230. A portion of our practice involves the collection of debt and any information you provide will be used for that purpose if we are attempting to collect a debt from you.
Attached image Attached image Attached image
RR
RPPTL Real Estate Leasing Committee
Tue, Jan 12, 2021 6:35 PM

I don't know the type of property but most commercial loans have restrictions on waiver of rent.  If your client has a relationship with lender, the simple solution is get lender approval.

This email message was sent by:

Lloyd Granet | Board Certified Real Estate Attorney
Law Offices of Lloyd Granet, P.A.
2295 NW Corporate Boulevard, Suite 235
Boca Raton, FL 33431
Direct Dial:  (561) 999-0090
Main Number:  (561) 999-9300 x110
Fax: (561) 999-9400
Email: lgranet@granetlaw.commailto:lgranet@granetlaw.com

NOTICE: This communication and any accompanying documents are confidential and privileged. They are intended for the sole use of this addressee.  If you receive this transmission in error, you are advised that any disclosure, copying, distribution, or the taking of any action in reliance upon this communication is strictly prohibited. Moreover, any such disclosure shall not compromise or waive the attorney-client, accountant-client, or other privileges as to this communication or otherwise. If you have received this communication in error, please notify Lloyd Granet, P.A. immediately at (561) 999-9300 (collect) and destroy this communication.  Thank you.

From: landten-bounces@lists.flabarrpptl.org landten-bounces@lists.flabarrpptl.org On Behalf Of RPPTL Real Estate Leasing Committee
Sent: Tuesday, January 12, 2021 1:17 PM
To: landten@lists.flabarrpptl.org
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.commailto:David.Weisman@gmlaw.com
www.GMlaw.comhttp://www.gmlaw.com/

[gm-horizontal-bw_nolaw2 (2)]

From: landten-bounces@lists.flabarrpptl.orgmailto:landten-bounces@lists.flabarrpptl.org <landten-bounces@lists.flabarrpptl.orgmailto: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.orgmailto: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.commailto: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.

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/ [mcglinchey.com]https://urldefense.com/v3/__https:/www.mcglinchey.com/disclaimer/__;!!K7bXOScpug!x9kF-ZlvsyCtPELGgyLaq38UEqUYFKT9-3SRZt9GVtIsBheqztBVKuFCsyVtV6IyQhc$

GREENSPOON MARDER LLP LEGAL NOTICE
The information contained in this transmission may be attorney/client privileged and confidential. It is intended only for the use of the individual or entity named above. If the reader of this message is not the intended recipient, you are hereby notified that any dissemination, distribution or copying of this communication is strictly prohibited. If you have received this communication in error, please notify us immediately by reply e-mail.

Unless specifically indicated otherwise, any discussion of tax issues contained in this e-mail, including any attachments, is not, and is not intended to be, "written advice" as defined in Section 10.37 of Treasury Department Circular 230.

A portion of our practice involves the collection of debt and any information you provide will be used for that purpose if we are attempting to collect a debt from you.

I don't know the type of property but most commercial loans have restrictions on waiver of rent. If your client has a relationship with lender, the simple solution is get lender approval. This email message was sent by: _________________________________________ Lloyd Granet | Board Certified Real Estate Attorney Law Offices of Lloyd Granet, P.A. 2295 NW Corporate Boulevard, Suite 235 Boca Raton, FL 33431 Direct Dial: (561) 999-0090 Main Number: (561) 999-9300 x110 Fax: (561) 999-9400 Email: lgranet@granetlaw.com<mailto:lgranet@granetlaw.com> NOTICE: This communication and any accompanying documents are confidential and privileged. They are intended for the sole use of this addressee. If you receive this transmission in error, you are advised that any disclosure, copying, distribution, or the taking of any action in reliance upon this communication is strictly prohibited. Moreover, any such disclosure shall not compromise or waive the attorney-client, accountant-client, or other privileges as to this communication or otherwise. If you have received this communication in error, please notify Lloyd Granet, P.A. immediately at (561) 999-9300 (collect) and destroy this communication. Thank you. From: landten-bounces@lists.flabarrpptl.org <landten-bounces@lists.flabarrpptl.org> On Behalf Of RPPTL Real Estate Leasing Committee Sent: Tuesday, January 12, 2021 1:17 PM To: landten@lists.flabarrpptl.org 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. 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/ [mcglinchey.com]<https://urldefense.com/v3/__https:/www.mcglinchey.com/disclaimer/__;!!K7bXOScpug!x9kF-ZlvsyCtPELGgyLaq38UEqUYFKT9-3SRZt9GVtIsBheqztBVKuFCsyVtV6IyQhc$> GREENSPOON MARDER LLP LEGAL NOTICE The information contained in this transmission may be attorney/client privileged and confidential. It is intended only for the use of the individual or entity named above. If the reader of this message is not the intended recipient, you are hereby notified that any dissemination, distribution or copying of this communication is strictly prohibited. If you have received this communication in error, please notify us immediately by reply e-mail. Unless specifically indicated otherwise, any discussion of tax issues contained in this e-mail, including any attachments, is not, and is not intended to be, "written advice" as defined in Section 10.37 of Treasury Department Circular 230. A portion of our practice involves the collection of debt and any information you provide will be used for that purpose if we are attempting to collect a debt from you.
Attached image Attached image Attached image
RR
RPPTL Real Estate Leasing Committee
Tue, Jan 12, 2021 6:42 PM

Thanks Lloyd

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

biohttps://www.mcglinchey.com/people/manuel-farach | vCardhttps://www.mcglinchey.com/people/manuel-farach/vcard | mcglinchey.comhttps://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: landten-bounces@lists.flabarrpptl.org landten-bounces@lists.flabarrpptl.org On Behalf Of RPPTL Real Estate Leasing Committee
Sent: Tuesday, January 12, 2021 1:36 PM
To: landten@lists.flabarrpptl.org
Subject: Re: [RPPTL Leasing Committee] Effect of Deferred Rent in Lease Option Situation [IWOV-Active.FID8106045]

I don't know the type of property but most commercial loans have restrictions on waiver of rent.  If your client has a relationship with lender, the simple solution is get lender approval.

This email message was sent by:

Lloyd Granet | Board Certified Real Estate Attorney
Law Offices of Lloyd Granet, P.A.
2295 NW Corporate Boulevard, Suite 235
Boca Raton, FL 33431
Direct Dial:  (561) 999-0090
Main Number:  (561) 999-9300 x110
Fax: (561) 999-9400
Email: lgranet@granetlaw.commailto:lgranet@granetlaw.com

NOTICE: This communication and any accompanying documents are confidential and privileged. They are intended for the sole use of this addressee.  If you receive this transmission in error, you are advised that any disclosure, copying, distribution, or the taking of any action in reliance upon this communication is strictly prohibited. Moreover, any such disclosure shall not compromise or waive the attorney-client, accountant-client, or other privileges as to this communication or otherwise. If you have received this communication in error, please notify Lloyd Granet, P.A. immediately at (561) 999-9300 (collect) and destroy this communication.  Thank you.

From: landten-bounces@lists.flabarrpptl.orgmailto:landten-bounces@lists.flabarrpptl.org <landten-bounces@lists.flabarrpptl.orgmailto:landten-bounces@lists.flabarrpptl.org> On Behalf Of RPPTL Real Estate Leasing Committee
Sent: Tuesday, January 12, 2021 1:17 PM
To: landten@lists.flabarrpptl.orgmailto:landten@lists.flabarrpptl.org
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.commailto:David.Weisman@gmlaw.com
www.GMlaw.comhttp://www.gmlaw.com/

[gm-horizontal-bw_nolaw2 (2)]

From: landten-bounces@lists.flabarrpptl.orgmailto:landten-bounces@lists.flabarrpptl.org <landten-bounces@lists.flabarrpptl.orgmailto: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.orgmailto: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.commailto:mfarach@mcglinchey.com
One E Broward Blvd, Ste 1400, Fort Lauderdale, FL 33301
T (954) 356-2528  F (954) 756-8064

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Thanks Lloyd 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: landten-bounces@lists.flabarrpptl.org <landten-bounces@lists.flabarrpptl.org> On Behalf Of RPPTL Real Estate Leasing Committee Sent: Tuesday, January 12, 2021 1:36 PM To: landten@lists.flabarrpptl.org Subject: Re: [RPPTL Leasing Committee] Effect of Deferred Rent in Lease Option Situation [IWOV-Active.FID8106045] I don't know the type of property but most commercial loans have restrictions on waiver of rent. If your client has a relationship with lender, the simple solution is get lender approval. This email message was sent by: _________________________________________ Lloyd Granet | Board Certified Real Estate Attorney Law Offices of Lloyd Granet, P.A. 2295 NW Corporate Boulevard, Suite 235 Boca Raton, FL 33431 Direct Dial: (561) 999-0090 Main Number: (561) 999-9300 x110 Fax: (561) 999-9400 Email: lgranet@granetlaw.com<mailto:lgranet@granetlaw.com> NOTICE: This communication and any accompanying documents are confidential and privileged. They are intended for the sole use of this addressee. If you receive this transmission in error, you are advised that any disclosure, copying, distribution, or the taking of any action in reliance upon this communication is strictly prohibited. Moreover, any such disclosure shall not compromise or waive the attorney-client, accountant-client, or other privileges as to this communication or otherwise. If you have received this communication in error, please notify Lloyd Granet, P.A. immediately at (561) 999-9300 (collect) and destroy this communication. Thank you. 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 1:17 PM To: landten@lists.flabarrpptl.org<mailto:landten@lists.flabarrpptl.org> 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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