Cash Is King, Unless a Tenant Goes Bankrupt
Real Estate New York's Property & the Law column
Commercial property owners should consider requiring guarantor collateral -- rather than cash -- to secure a lease, because if tenant files for bankruptcy protection, the cash is subject to orders of the bankruptcy court and may not be available to the landlord, Ben Kursman writes here.
Don't play fast and loose with real estate contracts
August 13, 2008
Real Estate Weekly
Scott Mollen notes that some sellers of commercial real estate try to use dubious reasons to default buyers in rising markets -- hoping to re-trade the deal at a more robust price -- and issues cautions about that practice.