C&W 2024 YE Review & 2025 Market Update

TEAM MARKET INSIGHT

3 WAYS TENANTS PROTECT AGAINST DISTRESSED BUILDINGS

SECURE SELF-HELP & OFFSET RIGHTS

These allow tenants to address neglected landlord obligations, ensuring a functional space. Tenants can make necessary repairs and deduct costs from future rent.

A Subordination, Non-Disturbance, and Attornment (SNDA) agreement is essential, especially in distressed buildings, protecting leasehold improvements in case of foreclosure or sale. OBTAIN A SNDA AGREEMENT

ESCROW TENANT ALLOWANCES

In distressed properties, landlords may lack funds for tenant improvements. Establishing an escrow account helps ensure these funds are available for necessary renovations.