Kaufman and The Real Deal Discuss New NYS Legislation Related to Commercial Leases
While the lasting impacts of COVID-19 on the economy remain to be seen, it is clear that the effect of necessary shutdowns and other precautions have significantly impacted many businesses. This week, The Real Deal spoke to Pryor Cashman partner Bradley Kaufman about new legislation recently passed by the New York State Assembly that intends to assist struggling business owners who are leasing retail space in New York. However, Kaufman notes that this legislation may result in unintended consequences for property owners:
"You are putting a landlord in a position where because of the actions of a defaulting and breaching tenant, they are now on the spot…(I)t changes the whole dynamic."
For the full story, read the resource link below.
More about Kaufman's Practice:
Partner Bradley Kaufman, a member of Pryor Cashman's Real Estate Group and co-head of the Leasing practice, represents owners and tenants of office and retail properties in deals in New York City and throughout the United States. Brad has more than 35 years of experience in leasing, acquisitions and financing.
