5 min read
Opinions expressed by Entrepreneur contributors are their own.
Thanks to a wide-scale trial forced upon us by the pandemic, telecommuting is growing by leaps and bounds. While this may augur heightened sales of standing desks and fancy chairs for the house, it could have the opposite effect on commercial real estate. Many owners of commercial real estate may need to declare bankruptcy in order to restructure their debt load as a result of falling rental income and demand.
How should you, as a tenant, protect yourself against a potential landlord bankruptcy?
Before the fall
If it’s possible that your landlord might encounter financial distress, it’s time to take a look at your lease agreement. What you may find is a clause related to “attornment.” This clause is often required by the landlord’s lender,…