C&W Sublease Strategy and Services

SUBLEASING IN THE TIME OF COVID-19

Considerations for Subleasing in Unprecedented Times

As we battle COVID-19 globally, there are some unique circumstances that we need to anticipate and plan for. In transitioning from Tenant to Sublandlord, you may also need to assume some new roles and responsibilities to meet building operations and maintenance requirements.

SHELTER IN PLACE AND IMPACT TO TOURING While Shelter in Place (SIP) ordinances continue, feasibility of touring commercial real estate will be strained. For the latest on the Shelter in Place restrictions, USA Today maintains an excellent, interactive map. In most cases, commercial estate is not an approved exclusion to these orders. Furthermore, SIP restrictions will have a compounding impact on permitting and construction timelines. Therefore, any sublease negotiations which contemplate construction should set timeline expectations conservatively. To facilitate Virtual Touring, we can turn to some innovative solutions like Matterport and Drone Base. With virtual 3D tours, like those produced by Matterport, we can create immersive experiences for potential subtenants from the comfort of their own home. especially in instances where a suite may be shared, you need to work in partnership with your master landlord and subtenant to develop policies and a clear matrix of responsibilities with regards to topics such as: Preparing the Space for occupancy, Cleaning Guidelines, and Communication protocols. While developed for a more traditional landlord and tenant relationship, our COVID-19 Recovery Readiness manual provides a number of relevant checklists and best practices with regards to prepping the workplace for re-entry. ROLES OF A SUBLANDLORD In assuming the role of a sublandlord,

Click Here to Read our How to Guide on Workplace Re-Entry

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