Landlord/Tenant

Whether commercial or residential, real estate value often depends upon the strength of its leases. Leasehold value invariably depends upon whether the terms of the lease are well suited to the tenant. In each case, Bean, Kinney & Korman can be invaluable in providing the landlord or the tenant with insightful and practical advice.

For more than four decades, Bean, Kinney & Korman has enjoyed extensive contacts with real estate owners and commercial tenants. We understand the intricate relationships that are essential to maximizing property and leasehold value. We know the landlord wants to assure the integrity of its property, to create a synergistic tenant mix, to achieve a satisfactory return on investment, to attract favorable financing, and to preserve effective remedies for tenant noncompliance. We know the tenant seeks a suitable environment for its business, flexibility in its use rights, predictable costs, a fair allocation of risks and assurance of services. Both parties want stability. Achieving a proper balance of often competing interests in any instance requires an appreciation of market forces and relative bargaining positions. In these respects, Bean, Kinney excels.

The firm's attorneys are familiar with all aspects of real estate leasing considerations, whether dealing with single-use properties, shopping centers or multi-tenanted office buildings. We know how to preserve and protect the landlord's expectations and interests, not only documenting the deal that the landlord wants, but positioning the landlord to make the deal stick. For tenants, we find creative solutions to apparently irreconcilable differences with the landlord's interests.

When tenants fail to perform, property owners rely on Bean, Kinney & Korman to lead them through the often challenging process of enforcing their rights. The firm's attorneys are thoroughly versed in the legal options open to the landlord, whether injunctive actions, suits for possession, actions for damages, or collection from guarantors. Landlords are particularly well-served by the firm's expertise in bankruptcy matters. We understand how best to protect landlords in tenant bankruptcy proceedings, how to minimize their losses, and, when appropriate, how to regain possession of premises as efficiently as the law allows.

For residential property landlords, we offer our experience with the legal protections peculiar to residential tenants. We know that cost-effective and responsive service is essential to these clients. At the same time, we are mindful of the consequences of compliance failures by landlords, and seek to minimize our clients' exposure to unnecessary risk.

We invite you to draw upon the knowledge and skills that Bean, Kinney & Korman possesses in this industry. Whether you have just been presented with a letter of intent or you are faced with a major lease default, the firm will deliver valuable, timely and useful advice to your best advantage.